Shares of Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $44.22 and last traded at $42.5084, with a volume of 672 shares changing hands. The stock had previously closed at $42.72.
Oversea-Chinese Banking Stock Performance
The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average price of $37.42 and a 200 day moving average price of $34.72.
Oversea-Chinese Banking Company Profile
Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.
The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.
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