Standard Chartered (OTCMKTS:SCBFF) Hits New 52-Week High - Here's Why

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.57 and last traded at $17.57, with a volume of 234 shares trading hands. The stock had previously closed at $17.35.

Standard Chartered Price Performance

The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $40.44 billion, a P/E ratio of 11.79 and a beta of 0.73. The firm has a 50 day moving average price of $15.91 and a two-hundred day moving average price of $14.50.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.07 billion. Standard Chartered had a return on equity of 9.52% and a net margin of 10.44%. On average, analysts predict that Standard Chartered PLC will post 1.66 EPS for the current fiscal year.

About Standard Chartered

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.