ICICI Bank Ltd. (NYSE:IBN)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $7.65, but opened at $7.67. ICICI Bank shares last traded at $7.88, with a volume of 4,690,328 shares trading hands.

Separately, JPMorgan Chase & Co. downgraded shares of ICICI Bank from an “overweight” rating to a “neutral” rating in a report on Thursday, June 16th.

The company’s 50-day moving average is $7.54 and its 200-day moving average is $7.05. The company has a market cap of $22.91 billion and a PE ratio of 15.21.

ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.

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