Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Reaches New 12-Month High – Still a Buy?

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.78 and last traded at $13.72, with a volume of 48075 shares traded. The stock had previously closed at $13.48.

Industrial and Commercial Bank of China Stock Up 0.4 %

The firm has a market cap of $242.53 billion, a P/E ratio of 4.68 and a beta of 0.08. The firm’s 50-day simple moving average is $12.56 and its 200 day simple moving average is $11.95.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.70 EPS for the quarter. The firm had revenue of $27.53 billion during the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 3rd will be issued a dividend of $0.3018 per share. The ex-dividend date of this dividend is Friday, January 3rd.

Industrial and Commercial Bank of China Company Profile

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.