Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Hits New 1-Year High – Time to Buy?

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.14 and last traded at $13.08, with a volume of 53983 shares changing hands. The stock had previously closed at $12.55.

Industrial and Commercial Bank of China Stock Up 4.2 %

The firm has a market cap of $233.09 billion, a PE ratio of 4.41 and a beta of 0.11. The firm’s 50 day moving average is $12.11 and its 200-day moving average is $11.67.

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

Industrial and Commercial Bank of China Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 3rd will be issued a $0.3018 dividend. The ex-dividend date of this dividend 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.