Standard Chartered (OTCMKTS:SCBFF) Stock Price Down 5.5% - Should You Sell?

Key Points

• Standard Chartered PLC shares fell by 5.5% on Friday, trading at $17.39, with trading volume down 73% from the average.
• The company reported a net margin of 12.27% and a revenue of $5.51 billion for the last quarter, exceeding analysts' expectations.
• Standard Chartered has a market cap of $40.58 billion and a price-to-earnings ratio of 9.61.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) fell 5.5% on Friday . The company traded as low as $17.39 and last traded at $17.39. 5,645 shares changed hands during trading, a decline of 73% from the average session volume of 20,681 shares. The stock had previously closed at $18.41.

Standard Chartered Stock Up 0.6%

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 stock has a market capitalization of $41.88 billion, a PE ratio of 9.92 and a beta of 0.77. The business has a 50 day moving average of $17.29 and a two-hundred day moving average of $15.46.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.07 billion. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%. Analysts predict 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.