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

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

Industrial and Commercial Bank of China Trading Down 1.1 %

Industrial and Commercial Bank of China stock traded down $0.16 during mid-day trading on Friday, reaching $14.18. 53,718 shares of the company traded hands, compared to its average volume of 41,126. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92. Industrial and Commercial Bank of China has a 52-week low of $9.84 and a 52-week high of $14.95. The firm has a market capitalization of $252.69 billion, a price-to-earnings ratio of 5.19 and a beta of 0.09. The firm’s 50 day moving average price is $14.02 and its 200 day moving average price is $12.79.

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.