Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Reaches New 1-Year High – Here’s What Happened

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) hit a new 52-week high on Tuesday . The company traded as high as $17.02 and last traded at $16.26, with a volume of 5128 shares traded. The stock had previously closed at $16.52.

Industrial & Commercial Bank of China Ltd. Trading Down 0.5%

The firm has a market capitalization of $291.36 billion, a PE ratio of 5.97 and a beta of 0.14. The firm has a 50 day simple moving average of $16.08 and a 200 day simple moving average of $15.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

Industrial & Commercial Bank of China Ltd. Company Profile

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.