Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 5,400 shares, an increase of 28.6% from the March 15th total of 4,200 shares. Based on an average trading volume of 109,200 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Industrial and Commercial Bank of China Stock Performance
Industrial and Commercial Bank of China stock traded up $0.10 during trading on Friday, reaching $13.59. The company had a trading volume of 355,129 shares, compared to its average volume of 48,420. The firm has a market capitalization of $242.18 billion, a price-to-earnings ratio of 4.98 and a beta of 0.08. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.66. The firm’s 50-day simple moving average is $14.01 and its 200 day simple moving average is $13.04. Industrial and Commercial Bank of China has a 52 week low of $10.11 and a 52 week high of $14.95.
Industrial and Commercial Bank of China (OTCMKTS:IDCBY – Get Free Report) last issued its quarterly earnings results on Friday, March 28th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.02). The firm had revenue of $25.31 billion for the quarter, compared to analysts’ expectations of $199.75 billion. Industrial and Commercial Bank of China had a net margin of 23.22% and a return on equity of 9.37%.
About Industrial and Commercial Bank of China
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.
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