Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Sets New 12-Month High – Here’s What Happened

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $17.90 and last traded at $17.83, with a volume of 6908 shares trading hands. The stock had previously closed at $17.54.

Industrial & Commercial Bank of China Ltd. Trading Down 0.2%

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $316.76 billion, a P/E ratio of 6.39 and a beta of 0.07. The company has a 50-day moving average price of $16.54 and a 200 day moving average price of $15.99.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last posted its earnings results on Friday, March 27th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Industrial & Commercial Bank of China Ltd. had a net margin of 24.61% and a return on equity of 8.97%. The company had revenue of $27.56 billion during the quarter, compared to analysts’ expectations of $26.53 billion.

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.