Standard Chartered (OTCMKTS:SCBFF) Sets New 1-Year High – Here’s Why

Standard Chartered PLC (OTCMKTS:SCBFF)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $14.50 and last traded at $14.28, with a volume of 2298 shares traded. The stock had previously closed at $14.38.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 3rd.

Standard Chartered Stock Down 0.7 %

The stock has a market cap of $35.05 billion, a price-to-earnings ratio of 12.86 and a beta of 0.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. The business’s fifty day simple moving average is $12.81 and its 200 day simple moving average is $11.43.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.