Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Reaches New 12-Month High - Still a Buy?

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $15.32 and last traded at $15.25, with a volume of 20404 shares changing hands. The stock had previously closed at $15.12.

Industrial and Commercial Bank of China Price Performance

The firm has a market capitalization of $276.04 billion, a P/E ratio of 5.67 and a beta of 0.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The stock has a fifty day moving average of $14.14 and a 200-day moving average of $13.66.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY - Get Free Report) last announced its quarterly earnings results on Friday, March 28th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). Industrial and Commercial Bank of China had a net margin of 23.22% and a return on equity of 9.37%. The company had revenue of $25.31 billion during the quarter, compared to the consensus estimate of $199.75 billion.

Industrial and Commercial Bank of China Company Profile

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.