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

Shares of Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) rose 0.9% during trading on Monday . The company traded as high as $12.95 and last traded at $12.48. Approximately 68,764 shares were traded during trading, an increase of 27% from the average daily volume of 54,052 shares. The stock had previously closed at $12.37.

Industrial and Commercial Bank of China Stock Performance

The company has a market capitalization of $225.52 billion, a P/E ratio of 4.40 and a beta of 0.08. The firm’s fifty day moving average is $12.38 and its 200 day moving average is $11.86.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last released its earnings results on Wednesday, October 30th. The company reported $0.70 EPS for the quarter. The business had revenue of $27.53 billion for the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.3018 per share. 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.