ICICI Bank (NYSE:IBN) Stock Price Passes Above 200 Day Moving Average of $26.58

ICICI Bank Limited (NYSE:IBN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.58 and traded as high as $28.35. ICICI Bank shares last traded at $28.11, with a volume of 5,251,198 shares.

ICICI Bank Stock Down 2.4 %

The firm has a 50 day simple moving average of $28.10 and a two-hundred day simple moving average of $26.60. The stock has a market capitalization of $98.89 billion, a P/E ratio of 20.22, a PEG ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72.

Institutional Investors Weigh In On ICICI Bank

Several hedge funds have recently modified their holdings of IBN. Rakuten Securities Inc. acquired a new position in ICICI Bank in the 4th quarter valued at approximately $33,000. Advisors Asset Management Inc. acquired a new stake in ICICI Bank in the first quarter valued at $46,000. ORG Partners LLC bought a new position in ICICI Bank during the 1st quarter worth $54,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in ICICI Bank during the 1st quarter worth about $58,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of ICICI Bank in the 4th quarter valued at about $67,000. Institutional investors and hedge funds own 18.18% of the company’s stock.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.