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

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) shares gapped down prior to trading on Monday. The stock had previously closed at $20.33, but opened at $19.59. Industrial & Commercial Bank of China Ltd. shares last traded at $20.3008, with a volume of 33,073 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Industrial & Commercial Bank of China Ltd. to a “hold” rating in a research note on Monday, October 26th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Industrial & Commercial Bank of China Ltd. Price Performance

The stock has a 50-day moving average of $19.37 and a two-hundred day moving average of $17.89. The firm has a market cap of $361.40 billion, a price-to-earnings ratio of 6.72 and a beta of 0.10. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.81.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last issued its earnings results on Friday, October 30th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Industrial & Commercial Bank of China Ltd. had a return on equity of 9.02% and a net margin of 25.30%. The business had revenue of $33.20 billion during the quarter, compared to analysts’ expectations of $32.99 billion. On average, analysts anticipate that Industrial & Commercial Bank of China Ltd. will post 3.22 EPS for the current year.

About Industrial & Commercial Bank of China Ltd.