Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Shares Up 0.9% – Still a Buy?

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) shares traded up 0.9% on Monday . The stock traded as high as $12.95 and last traded at $12.48. 68,764 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 54,052 shares. The stock had previously closed at $12.37.

Industrial and Commercial Bank of China Stock Up 0.9 %

The business has a 50-day simple moving average of $12.38 and a 200-day simple moving average of $11.85. The stock has a market cap of $222.40 billion, a P/E ratio of 4.40 and a beta of 0.08.

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

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 3rd will be paid a $0.3018 dividend. The ex-dividend date is Friday, January 3rd.

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.