ICICI Bank (NYSE:IBN) Shares Gap Down – Here’s What Happened

ICICI Bank Limited (NYSE:IBN)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $28.17, but opened at $27.52. ICICI Bank shares last traded at $27.62, with a volume of 620,525 shares traded.

ICICI Bank Trading Up 0.2 %

The stock has a market capitalization of $97.44 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.66 and a beta of 0.99. The company’s 50-day moving average is $30.02 and its 200-day moving average is $29.59. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.74.

Institutional Investors Weigh In On ICICI Bank

Institutional investors have recently made changes to their positions in the stock. First Affirmative Financial Network boosted its stake in shares of ICICI Bank by 4.4% in the fourth quarter. First Affirmative Financial Network now owns 9,106 shares of the bank’s stock valued at $272,000 after purchasing an additional 381 shares during the period. Continuum Advisory LLC lifted its stake in ICICI Bank by 0.6% in the third quarter. Continuum Advisory LLC now owns 71,856 shares of the bank’s stock worth $2,129,000 after acquiring an additional 404 shares during the last quarter. CWM LLC lifted its stake in ICICI Bank by 4.7% in the third quarter. CWM LLC now owns 9,371 shares of the bank’s stock worth $280,000 after acquiring an additional 420 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in ICICI Bank by 22.4% in the third quarter. JFS Wealth Advisors LLC now owns 2,875 shares of the bank’s stock worth $86,000 after acquiring an additional 526 shares during the last quarter. Finally, Americana Partners LLC lifted its stake in ICICI Bank by 5.3% in the third quarter. Americana Partners LLC now owns 11,546 shares of the bank’s stock worth $345,000 after acquiring an additional 584 shares during the last quarter. 18.18% of the stock is currently owned by institutional investors and hedge funds.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.