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Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Reaches New 12-Month High - Here's Why

Industrial & Commercial Bank of China Ltd. logo with Finance background

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $16.42 and last traded at $16.33, with a volume of 44644 shares changing hands. The stock had previously closed at $16.31.

Industrial & Commercial Bank of China Ltd. Price Performance

The firm has a market capitalization of $286.91 billion, a PE ratio of 5.99 and a beta of 0.14. The stock has a 50-day moving average price of $14.66 and a 200 day moving average price of $13.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.70.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The company reported $0.72 EPS 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 & Commercial Bank of China Ltd. had a net margin of 23.38% and a return on equity of 9.12%.

About Industrial & Commercial Bank of China Ltd.

(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.

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