Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Hits New 1-Year High – Should You Buy?

Shares of Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) reached a new 52-week high on Tuesday . The company traded as high as $17.02 and last traded at $16.26, with a volume of 5128 shares trading hands. The stock had previously closed at $16.52.

Industrial & Commercial Bank of China Ltd. Stock Up 0.1%

The firm has a fifty day moving average price of $16.05 and a 200 day moving average price of $15.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.80. The company has a market cap of $291.54 billion, a P/E ratio of 5.97 and a beta of 0.14.

Industrial & Commercial Bank of China Ltd. Company Profile

Industrial & Commercial Bank of China Ltd. (ICBC) is a state-owned commercial bank headquartered in Beijing. Founded in 1984, ICBC has grown into one of the world’s largest banking institutions by total assets, operating a diversified financial services business that serves corporate, institutional and retail clients. The bank provides deposit-taking and lending, trade and transaction banking, treasury and markets services, as well as a range of payment and settlement solutions.

ICBC’s product and service offerings span corporate banking, retail banking, and investment banking, including corporate loans, supply‑chain and trade finance, cash management, credit and debit cards, mortgages and consumer finance, wealth-management products, custody and asset-management services.