Shares of Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report) saw strong trading volume on Tuesday. Approximately 51,363 shares changed hands during trading, an increase of 1% from the previous session’s volume of 50,967 shares. The stock last traded at $19.08 and had previously closed at $19.25.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Industrial & Commercial Bank of China Ltd. from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Industrial & Commercial Bank of China Ltd. presently has a consensus rating of “Strong Buy”.
Get Our Latest Stock Analysis on IDCBY
Industrial & Commercial Bank of China Ltd. Price Performance
The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $337.87 billion, a PE ratio of 6.58 and a beta of 0.09. The business’s 50-day moving average price is $19.19 and its 200 day moving average price is $18.24.
Industrial & Commercial Bank of China Ltd. Company Profile
Industrial & Commercial Bank of China Limited (OTCMKTS: IDCBY), commonly known as ICBC, is a China-based commercial bank headquartered in Beijing. Established in 1984, the bank provides financial services to corporations, government entities, financial institutions, small businesses and individual customers.
ICBC’s business includes corporate and personal deposits and lending, payment and settlement services, bank cards, trade finance, foreign-exchange services and wealth management.
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