Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.57 and last traded at $48.74, with a volume of 198125 shares traded. The stock had previously closed at $49.53.
Oversea-Chinese Banking Price Performance
The stock has a 50 day simple moving average of $42.19 and a two-hundred day simple moving average of $37.21. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.48.
Oversea-Chinese Banking Company Profile
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.
Recommended Stories
- Five stocks we like better than Oversea-Chinese Banking
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for Oversea-Chinese Banking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oversea-Chinese Banking and related companies with MarketBeat.com's FREE daily email newsletter.
