Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Sets New 1-Year High – Here’s What Happened

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY)’s share price hit a new 52-week high on Monday . The company traded as high as $16.6445 and last traded at $16.5650, with a volume of 7272 shares changing hands. The stock had previously closed at $16.2450.

Industrial & Commercial Bank of China Ltd. Trading Up 1.4%

The firm has a market capitalization of $293.69 billion, a P/E ratio of 6.01 and a beta of 0.21. The business has a 50-day moving average price of $15.07 and a 200-day moving average price of $15.07. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.80.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last released its earnings results on Thursday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Industrial & Commercial Bank of China Ltd. had a return on equity of 8.96% and a net margin of 24.10%.The firm had revenue of $28.44 billion during the quarter, compared to analysts’ expectations of $27.38 billion.

About Industrial & Commercial Bank of China Ltd.

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.