Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Shares Gap Down – Should You Sell?

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) shares gapped down before the market opened on Monday . The stock had previously closed at $15.7101, but opened at $15.15. Industrial & Commercial Bank of China Ltd. shares last traded at $15.7170, with a volume of 1,083 shares traded.

Industrial & Commercial Bank of China Ltd. Stock Performance

The stock has a 50 day moving average price of $15.98 and a two-hundred day moving average price of $15.52. 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 company has a market cap of $280.67 billion, a price-to-earnings ratio of 5.75 and a beta of 0.14.

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

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.