Standard Chartered (OTCMKTS:SCBFF) Trading Up 5.8% - Here's What Happened

Key Points

• Standard Chartered PLC shares increased by 5.8% to $18.50, although trading volume dropped significantly to 651 shares.
• The company reported a quarterly earnings of $0.74 per share, surpassing analysts' expectations of $0.60, with a revenue of $5.51 billion.
• Standard Chartered's market capitalization stands at $41.65 billion, with a price-to-earnings ratio of 9.86 and a debt-to-equity ratio of 1.46.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) shares traded up 5.8% during mid-day trading on Tuesday . The stock traded as high as $18.50 and last traded at $18.50. 651 shares changed hands during trading, a decline of 97% from the average session volume of 20,928 shares. The stock had previously closed at $17.49.

Standard Chartered Trading Up 4.7%

The firm's 50 day simple moving average is $17.43 and its 200-day simple moving average is $15.53. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $45.04 billion, a PE ratio of 10.66 and a beta of 0.77.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.60 by $0.14. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%.The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.07 billion. As a group, equities research analysts anticipate that Standard Chartered PLC will post 1.66 EPS for the current 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.