Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Hits New 52-Week High – Should You Buy?

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $14.95 and last traded at $14.32, with a volume of 33575 shares changing hands. The stock had previously closed at $14.50.

Industrial and Commercial Bank of China Trading Down 1.2 %

The firm has a 50 day moving average of $13.29 and a 200 day moving average of $12.33. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.66. The firm has a market cap of $255.19 billion, a PE ratio of 5.25 and a beta of 0.07.

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.3018 per share. The ex-dividend date of this dividend was Friday, January 3rd. Industrial and Commercial Bank of China’s payout ratio is 22.34%.

Industrial and Commercial Bank of China Company Profile

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.