Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Sees Strong Trading Volume – Here’s Why

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) shares saw unusually-high trading volume on Friday . Approximately 24,212 shares traded hands during trading, a decline of 12% from the previous session’s volume of 27,360 shares.The stock last traded at $15.66 and had previously closed at $15.64.

Industrial & Commercial Bank of China Ltd. Stock Performance

The company has a market capitalization of $279.78 billion, a price-to-earnings ratio of 5.73 and a beta of 0.14. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a 50-day simple moving average of $16.13 and a two-hundred day simple moving average of $15.55.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $28.44 billion for the quarter, compared to analyst estimates of $27.38 billion. Industrial & Commercial Bank of China Ltd. had a net margin of 24.10% and a return on equity of 8.96%.

About Industrial & Commercial Bank of China Ltd.

Industrial & Commercial Bank of China Ltd. (ICBC) is a state-owned commercial bank headquartered in Beijing. Founded in 1984, ICBC has grown into one of the world’s largest banking institutions by total assets, operating a diversified financial services business that serves corporate, institutional and retail clients. The bank provides deposit-taking and lending, trade and transaction banking, treasury and markets services, as well as a range of payment and settlement solutions.

ICBC’s product and service offerings span corporate banking, retail banking, and investment banking, including corporate loans, supply‑chain and trade finance, cash management, credit and debit cards, mortgages and consumer finance, wealth-management products, custody and asset-management services.