Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Hits New 12-Month High – Still a Buy?

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) hit a new 52-week high on Monday . The company traded as high as $13.78 and last traded at $13.72, with a volume of 48075 shares. The stock had previously closed at $13.48.

Industrial and Commercial Bank of China Price Performance

The firm has a fifty day moving average price of $12.50 and a 200-day moving average price of $11.92. The company has a market capitalization of $244.49 billion, a P/E ratio of 4.68 and a beta of 0.08.

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

Industrial and Commercial Bank of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Shareholders 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.