Shares of ICICI Bank Limited (NYSE:IBN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $30.02 and traded as high as $33.79. ICICI Bank shares last traded at $33.76, with a volume of 4,636,954 shares traded.
Analyst Ratings Changes
Separately, StockNews.com raised shares of ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
Read Our Latest Research Report on IBN
ICICI Bank Price Performance
The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $121.93 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.53 and a beta of 0.60. The business's fifty day moving average is $30.91 and its 200 day moving average is $30.13.
ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. The firm had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $280.01 billion. ICICI Bank had a return on equity of 15.61% and a net margin of 24.40%. As a group, analysts forecast that ICICI Bank Limited will post 1.53 EPS for the current year.
Institutional Trading of ICICI Bank
Hedge funds and other institutional investors have recently modified their holdings of the business. Wayfinding Financial LLC acquired a new position in shares of ICICI Bank in the first quarter worth $26,000. Cornerstone Planning Group LLC lifted its position in ICICI Bank by 1,253.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 785 shares of the bank's stock worth $26,000 after acquiring an additional 727 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in ICICI Bank in the 4th quarter valued at approximately $29,000. BOCHK Asset Management Ltd bought a new stake in shares of ICICI Bank in the fourth quarter valued at approximately $42,000. Finally, Penserra Capital Management LLC bought a new stake in ICICI Bank in the 1st quarter valued at $53,000. Institutional investors and hedge funds own 18.18% of the company's stock.
ICICI Bank Company Profile
(
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ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.
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