ICICI Bank Limited (NYSE:IBN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.51 and traded as high as $30.23. ICICI Bank shares last traded at $30.13, with a volume of 1,474,464 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised ICICI Bank from a "sell" rating to a "hold" rating in a research note on Thursday, September 5th.
Get Our Latest Analysis on ICICI Bank
ICICI Bank Price Performance
The firm's fifty day simple moving average is $30.49 and its 200-day simple moving average is $29.54. The firm has a market capitalization of $105.34 billion, a PE ratio of 20.31, a PEG ratio of 2.09 and a beta of 1.00. 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 Trading of ICICI Bank
A number of institutional investors and hedge funds have recently modified their holdings of IBN. Commonwealth Equity Services LLC grew its stake in shares of ICICI Bank by 16.0% in the second quarter. Commonwealth Equity Services LLC now owns 19,242 shares of the bank's stock worth $554,000 after acquiring an additional 2,660 shares during the period. Banque Cantonale Vaudoise boosted its holdings in ICICI Bank by 53.3% in the second quarter. Banque Cantonale Vaudoise now owns 20,013 shares of the bank's stock worth $576,000 after purchasing an additional 6,954 shares during the last quarter. Ritholtz Wealth Management grew its position in ICICI Bank by 3.0% in the 2nd quarter. Ritholtz Wealth Management now owns 41,897 shares of the bank's stock worth $1,207,000 after purchasing an additional 1,201 shares during the period. Augustine Asset Management Inc. raised its stake in ICICI Bank by 0.5% during the 2nd quarter. Augustine Asset Management Inc. now owns 374,893 shares of the bank's stock valued at $10,801,000 after buying an additional 1,972 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new position in shares of ICICI Bank during the 2nd quarter valued at $217,000. Institutional investors own 18.18% of the company's stock.
About ICICI Bank
(
Get Free Report)
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.
See Also
Before you consider ICICI Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ICICI Bank wasn't on the list.
While ICICI Bank currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
