Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Shares Gap Down – Time to Sell?

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $15.7101, but opened at $15.15. Industrial & Commercial Bank of China Ltd. shares last traded at $15.7170, with a volume of 1,083 shares.

Industrial & Commercial Bank of China Ltd. Trading Up 0.2%

The company’s fifty day moving average price is $15.94 and its two-hundred day moving average price is $15.50. 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 market cap of $280.22 billion, a P/E ratio of 5.74 and a beta of 0.14.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The firm 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.