Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Issues Quarterly Earnings Results

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) announced its earnings results on Friday. The company reported $0.72 earnings per share (EPS) for the quarter, Zacks reports. Industrial and Commercial Bank of China had a net margin of 23.22% and a return on equity of 9.37%.

Industrial and Commercial Bank of China Stock Performance

Shares of OTCMKTS:IDCBY traded down $0.16 during trading on Friday, hitting $14.18. 53,718 shares of the stock were exchanged, compared to its average volume of 41,126. The company has a market capitalization of $252.69 billion, a price-to-earnings ratio of 5.19 and a beta of 0.09. Industrial and Commercial Bank of China has a 1-year low of $9.84 and a 1-year high of $14.95. The company’s fifty day simple moving average is $14.02 and its 200-day simple moving average is $12.79. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.92 and a current ratio of 0.92.

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.