Standard Chartered (OTCMKTS:SCBFF) Shares Down 0.3%

Standard Chartered PLC (OTCMKTS:SCBFF)’s share price traded down 0.3% during trading on Friday . The company traded as low as $8.64 and last traded at $8.64. 1,296 shares traded hands during trading, a decline of 93% from the average session volume of 17,693 shares. The stock had previously closed at $8.67.

Wall Street Analyst Weigh In

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

Standard Chartered Trading Down 0.3 %

The business has a fifty day simple moving average of $9.33 and a 200-day simple moving average of $8.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 7.78 and a beta of 0.79.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. Standard Chartered had a return on equity of 8.59% and a net margin of 8.98%. The firm had revenue of $5.13 billion for the quarter. As a group, equities analysts forecast that Standard Chartered PLC will post 1.65 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.