Standard Chartered (OTCMKTS:SCBFF) Stock Price Down 5.5% - Here's Why

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) shares were down 5.5% on Friday . The company traded as low as $17.39 and last traded at $17.39. Approximately 5,645 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 20,681 shares. The stock had previously closed at $18.41.

Standard Chartered Stock Performance

The company has a market cap of $40.58 billion, a price-to-earnings ratio of 9.61 and a beta of 0.77. The stock's fifty day simple moving average is $17.14 and its two-hundred day simple moving average is $15.34. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.84 and a current ratio of 0.84.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.74 EPS for the quarter, beating 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 business had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.07 billion. Equities research analysts anticipate 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.

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