Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Trading Down 0.1% – Here’s What Happened

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) was down 0.1% during mid-day trading on Friday . The company traded as low as $15.69 and last traded at $15.70. Approximately 45,833 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 44,817 shares. The stock had previously closed at $15.7101.

Industrial & Commercial Bank of China Ltd. Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average price of $15.94 and a 200 day moving average price of $15.49. The firm has a market capitalization of $279.78 billion, a PE ratio of 5.73 and a beta of 0.14.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $27.38 billion.

About Industrial & Commercial Bank of China Ltd.

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.