Oversea-Chinese Banking (OTCMKTS:OVCHY) Trading Down 4% - Here's Why

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY - Get Free Report)'s stock price fell 4% during mid-day trading on Thursday . The company traded as low as $25.80 and last traded at $25.80. 6,176 shares changed hands during trading, a decline of 67% from the average session volume of 18,858 shares. The stock had previously closed at $26.88.

Oversea-Chinese Banking Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50 day moving average of $25.44 and a 200-day moving average of $25.10.

Oversea-Chinese Banking Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th were issued a dividend of $0.2376 per share. The ex-dividend date was Monday, April 28th. This represents a dividend yield of 5.78%.

About Oversea-Chinese Banking

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.

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