Standard Chartered (OTCMKTS:SCBFF) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Standard Chartered PLC (OTCMKTS:SCBFF)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.47 and traded as low as $12.25. Standard Chartered shares last traded at $12.25, with a volume of 10,307 shares trading hands.

Standard Chartered Price Performance

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. The company has a 50 day simple moving average of $14.47 and a 200-day simple moving average of $12.63. The stock has a market cap of $30.07 billion, a price-to-earnings ratio of 11.04 and a beta of 0.67.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $4.80 billion for the quarter. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. As a group, research analysts anticipate that Standard Chartered PLC will post 1.66 EPS for the current fiscal year.

Standard Chartered Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 19th. Investors of record on Friday, March 28th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, March 27th. This is an increase from Standard Chartered’s previous dividend of $0.09. Standard Chartered’s dividend payout ratio is currently 40.88%.

Standard Chartered Company Profile

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.