ICICI Bank Limited (NYSE:IBN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.14 and traded as high as $31.28. ICICI Bank shares last traded at $30.94, with a volume of 4,444,170 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised ICICI Bank from a "sell" rating to a "hold" rating in a report on Thursday, September 5th.
View Our Latest Stock Report on IBN
ICICI Bank Stock Performance
The company has a debt-to-equity ratio of 0.74, a current ratio of 1.00 and a quick ratio of 1.00. The stock's 50-day moving average price is $30.17 and its 200-day moving average price is $29.15. The company has a market cap of $110.10 billion, a P/E ratio of 21.23, a PEG ratio of 2.08 and a beta of 1.00.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its stake in shares of ICICI Bank by 0.6% in the second quarter. Fifth Third Bancorp now owns 65,137 shares of the bank's stock valued at $1,877,000 after buying an additional 361 shares during the period. Continuum Advisory LLC grew its holdings in shares of ICICI Bank by 0.6% during the 3rd quarter. Continuum Advisory LLC now owns 71,856 shares of the bank's stock worth $2,129,000 after purchasing an additional 404 shares in the last quarter. CWM LLC increased its position in shares of 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 purchasing an additional 420 shares during the period. RMR Wealth Builders raised its stake in ICICI Bank by 2.5% in the second quarter. RMR Wealth Builders now owns 20,588 shares of the bank's stock valued at $593,000 after purchasing an additional 500 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in ICICI Bank by 22.4% during the third quarter. JFS Wealth Advisors LLC now owns 2,875 shares of the bank's stock worth $86,000 after purchasing an additional 526 shares during the period. Institutional investors and hedge funds 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.
Featured Stories
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
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
