Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Sets New 12-Month High – Time to Buy?

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

Industrial and Commercial Bank of China Stock Performance

The firm has a market cap of $237.01 billion, a P/E ratio of 4.41 and a beta of 0.11. The company’s 50 day moving average is $12.15 and its 200 day moving average is $11.70.

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

Industrial and Commercial Bank of China Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 3rd will be given 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.