Standard Chartered (OTCMKTS:SCBFF) Stock Price Up 2% - Should You Buy?

Key Points

• Standard Chartered's stock price increased by 2%, trading at $17.85 after reaching a high of $18.50, although the trading volume was significantly lower than average.
• The company reported earnings per share of $0.74, exceeding the consensus estimate of $0.60, with a quarterly revenue of $5.51 billion, surpassing expectations as well.
• Standard Chartered has a market cap of $41.64 billion and a PE ratio of 9.86, indicating a potentially attractive valuation in the market.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) rose 2% on Tuesday . The stock traded as high as $18.50 and last traded at $17.85. Approximately 1,662 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 6,606 shares. The stock had previously closed at $17.49.

Standard Chartered Price Performance

The company has a 50-day moving average price of $17.25 and a two-hundred day moving average price of $15.44. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $41.64 billion, a PE ratio of 9.86 and a beta of 0.77.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.14. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.07 billion. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%. Sell-side analysts expect that Standard Chartered PLC will post 1.66 earnings per share 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.

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