Standard Chartered (OTCMKTS:SCBFF) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.47 and traded as low as $12.25. Standard Chartered shares last traded at $12.25, with a volume of 10,307 shares trading hands.

Standard Chartered Stock Performance

The firm has a market cap of $30.07 billion, a P/E ratio of 11.04 and a beta of 0.67. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day moving average is $14.47 and its 200 day moving average is $12.65.

Standard Chartered (OTCMKTS:SCBFF) last released its earnings results on Friday, February 21st. The company reported $0.28 earnings per share (EPS) for the quarter. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. The firm had revenue of $4.80 billion during the quarter. On average, research analysts predict that Standard Chartered PLC will post 1.66 earnings per share for the current year.

Standard Chartered Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, May 19th. Investors of record on Friday, March 28th will be given a $0.28 dividend. The ex-dividend date is Thursday, March 27th. This is an increase from Standard Chartered’s previous dividend of $0.09. Standard Chartered’s payout ratio is currently 40.88%.

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.