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Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Shares Gap Down - What's Next?

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

Shares of Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $16.36, but opened at $15.47. Industrial & Commercial Bank of China Ltd. shares last traded at $16.24, with a volume of 22,231 shares traded.

Industrial & Commercial Bank of China Ltd. Trading Down 1.4%

The firm has a market capitalization of $287.53 billion, a price-to-earnings ratio of 6.00 and a beta of 0.14. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50 day moving average price of $14.61 and a two-hundred day moving average price of $13.90.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). Industrial & Commercial Bank of China Ltd. had a return on equity of 9.12% and a net margin of 23.38%. The company had revenue of $25.31 billion for the quarter, compared to analyst estimates of $199.75 billion.

Industrial & Commercial Bank of China Ltd. 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.

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