Standard Chartered (OTCMKTS:SCBFF) Trading 5.8% Higher - Still a Buy?

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 shot up 5.8% on Tuesday . The company traded as high as $18.50 and last traded at $18.50. 651 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 20,928 shares. The stock had previously closed at $17.49.

Standard Chartered Price Performance

The company has a 50 day moving average price of $17.43 and a 200 day moving average price of $15.55. The firm has a market cap of $45.04 billion, a PE ratio of 10.66 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.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.60 by $0.14. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.07 billion. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%. On average, sell-side analysts expect 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.