Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $48.75 and last traded at $47.75, with a volume of 1632 shares trading hands. The stock had previously closed at $45.66.
Oversea-Chinese Banking Stock Up 3.3%
The business’s 50 day moving average price is $40.84 and its 200-day moving average price is $36.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.88.
About Oversea-Chinese Banking
Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.
The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.
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