Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Sets New 1-Year High – What’s Next?

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

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

The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a fifty day simple moving average of $16.61 and a 200-day simple moving average of $16.03. The company has a market capitalization of $316.93 billion, a PE ratio of 6.40 and a beta of 0.07.

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