Standard Chartered (OTCMKTS:SCBFF) Hits New 52-Week High at $9.97

Standard Chartered PLC (OTCMKTS:SCBFF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.97 and last traded at $9.97, with a volume of 1646 shares traded. The stock had previously closed at $9.80.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised Standard Chartered to a “strong-buy” rating in a research note on Tuesday, May 7th.

Standard Chartered Stock Up 1.7 %

The firm has a market capitalization of $26.57 billion, a price-to-earnings ratio of 6.95 and a beta of 0.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. The firm has a 50 day moving average price of $8.72 and a two-hundred day moving average price of $8.21.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. The firm had revenue of $5.13 billion for the quarter. Standard Chartered had a return on equity of 8.59% and a net margin of 8.98%. On average, equities analysts expect that Standard Chartered PLC will post 1.64 earnings per share for the current fiscal year.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.