Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Stock Price Up 0.9% – Here’s What Happened

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) rose 0.9% during mid-day trading on Monday . The company traded as high as $12.95 and last traded at $12.48. Approximately 68,764 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 54,052 shares. The stock had previously closed at $12.37.

Industrial and Commercial Bank of China Stock Up 1.9 %

The firm has a 50 day moving average of $12.38 and a 200-day moving average of $11.86. The company has a market cap of $225.52 billion, a P/E ratio of 4.40 and a beta of 0.08.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last posted its quarterly 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 for the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 3rd will be given 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.