Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 106,711 shares, a drop of 47.7% from the April 15th total of 204,111 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 82,203 shares, the days-to-cover ratio is currently 1.3 days.
Industrial & Commercial Bank of China Ltd. Trading Down 2.3%
IDCBY traded down $0.41 during trading hours on Friday, reaching $17.48. 75,256 shares of the company’s stock traded hands, compared to its average volume of 50,781. The firm has a 50-day moving average price of $17.38 and a 200 day moving average price of $16.60. Industrial & Commercial Bank of China Ltd. has a 52-week low of $13.79 and a 52-week high of $18.75. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $311.50 billion, a PE ratio of 6.15 and a beta of 0.11.
Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The business had revenue of $32.05 billion for the quarter, compared to analysts’ expectations of $30.88 billion. Industrial & Commercial Bank of China Ltd. had a net margin of 24.78% and a return on equity of 8.95%. As a group, sell-side analysts predict that Industrial & Commercial Bank of China Ltd. will post 3.01 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Report on IDCBY
Industrial & Commercial Bank of China Ltd. Company Profile
Industrial & Commercial Bank of China Ltd. (ICBC) is a state-owned commercial bank headquartered in Beijing. Founded in 1984, ICBC has grown into one of the world’s largest banking institutions by total assets, operating a diversified financial services business that serves corporate, institutional and retail clients. The bank provides deposit-taking and lending, trade and transaction banking, treasury and markets services, as well as a range of payment and settlement solutions.
ICBC’s product and service offerings span corporate banking, retail banking, and investment banking, including corporate loans, supply‑chain and trade finance, cash management, credit and debit cards, mortgages and consumer finance, wealth-management products, custody and asset-management services.
Read More
- Five stocks we like better than Industrial & Commercial Bank of China Ltd.
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Receive News & Ratings for Industrial & Commercial Bank of China Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial & Commercial Bank of China Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
