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Standard Chartered (OTCMKTS:SCBFF) Trading 2% Higher - Time to Buy?

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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.
  • MarketBeat previews top five stocks to own in October.

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

Standard Chartered Stock Performance

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 stock's 50-day simple moving average is $17.43 and its 200 day simple moving average is $15.55. The stock has a market capitalization of $45.04 billion, a P/E ratio of 10.66 and a beta of 0.77.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last released its quarterly earnings results 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 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. Research analysts expect that Standard Chartered PLC will post 1.66 EPS for the current fiscal year.

Standard Chartered Company Profile

(Get Free Report)

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.

See Also

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