Standard Chartered (OTCMKTS:SCBFF) Hits New 52-Week High - Time to Buy?

Key Points

• Standard Chartered PLC shares reached a new 52-week high of $18.41 with a market capitalization of $42.96 billion.
• The company reported earnings of $0.74 per share for the last quarter, surpassing analysts' expectations of $0.60.
• Standard Chartered operates across various regions and sectors including Asia, Africa, and Europe, focusing on Corporate and Consumer Banking.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $18.41 and last traded at $18.41, with a volume of 2347 shares trading hands. The stock had previously closed at $18.19.

Standard Chartered Price Performance

The firm has a market capitalization of $42.88 billion, a price-to-earnings ratio of 10.15 and a beta of 0.77. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.46. The stock's fifty day moving average price is $16.76 and its two-hundred day moving average price is $15.11.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.14. Standard Chartered had a net margin of 12.27% and a return on equity of 10.73%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.07 billion. Equities research analysts expect that Standard Chartered PLC will post 1.66 EPS for the current year.

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.