Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Sees Large Volume Increase – Time to Buy?

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) shares saw an uptick in trading volume on Wednesday . 73,300 shares were traded during mid-day trading, an increase of 52% from the previous session’s volume of 48,218 shares.The stock last traded at $16.90 and had previously closed at $16.75.

Industrial & Commercial Bank of China Ltd. Price Performance

The firm has a market cap of $301.70 billion, a P/E ratio of 6.18 and a beta of 0.21. The stock’s 50-day moving average is $15.14 and its 200-day moving average is $15.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.80.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. The company 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 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.