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Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Hits New 52-Week High - Should You Buy?

Industrial and Commercial Bank of China logo with Finance background

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.00 and last traded at $14.99, with a volume of 52797 shares trading hands. The stock had previously closed at $14.83.

Industrial and Commercial Bank of China Price Performance

The stock has a market capitalization of $267.13 billion, a P/E ratio of 5.49 and a beta of 0.12. The firm has a 50-day moving average price of $13.92 and a 200 day moving average price of $13.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.92 and a current ratio of 0.92.

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

Industrial and Commercial Bank of China Company Profile

(Get Free Report)

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.

Further Reading

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