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

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) gapped down before the market opened on Friday. The stock had previously closed at $19.70, but opened at $18.95. Industrial & Commercial Bank of China Ltd. shares last traded at $18.9855, with a volume of 35,445 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Industrial & Commercial Bank of China Ltd. from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Industrial & Commercial Bank of China Ltd. Stock Down 3.9%

The company has a fifty day moving average of $19.01 and a two-hundred day moving average of $18.01. The company has a market cap of $337.52 billion, a PE ratio of 6.58 and a beta of 0.09. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.86.

Industrial & Commercial Bank of China Ltd. Company Profile

Industrial & Commercial Bank of China Ltd. (ICBC) is a China-based commercial bank headquartered in Beijing. Established in 1984, the bank provides financial services to individual customers, businesses, government entities and institutional clients through its domestic banking network and international operations.

ICBC’s services include corporate and personal deposits and loans, payment and settlement services, bank cards, wealth management, foreign exchange and treasury services.