Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Hits New 1-Year High – Time to Buy?

Shares of Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) reached a new 52-week high during mid-day 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 company has a market capitalization of $237.01 billion, a price-to-earnings ratio of 4.41 and a beta of 0.11. The company has a 50 day moving average price of $12.15 and a 200 day moving average price of $11.70.

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

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.3018 per share. The ex-dividend date is Friday, January 3rd.

Industrial and Commercial Bank of China Company Profile

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.