ICICI Bank Limited (NYSE:IBN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.66 and traded as high as $29.66. ICICI Bank shares last traded at $29.46, with a volume of 2,017,705 shares traded.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of ICICI Bank from a "sell" rating to a "hold" rating in a research report on Thursday, September 5th.
View Our Latest Stock Analysis on IBN
ICICI Bank Stock Performance
The company has a market cap of $103.82 billion, a P/E ratio of 20.04, a PEG ratio of 1.98 and a beta of 1.02. The stock has a fifty day moving average price of $29.96 and a two-hundred day moving average price of $28.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.00 and a quick ratio of 1.00.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of ICICI Bank by 26.7% during the 3rd quarter. Barclays PLC now owns 593,717 shares of the bank's stock worth $17,722,000 after buying an additional 125,141 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of ICICI Bank by 0.6% during the third quarter. Continuum Advisory LLC now owns 71,856 shares of the bank's stock valued at $2,129,000 after acquiring an additional 404 shares during the period. Public Employees Retirement System of Ohio bought a new stake in ICICI Bank during the third quarter worth approximately $11,212,000. Nomura Asset Management Co. Ltd. lifted its position in ICICI Bank by 1.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,779,483 shares of the bank's stock worth $53,118,000 after purchasing an additional 20,501 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in ICICI Bank during the 3rd quarter valued at $500,000. Institutional investors and hedge funds own 18.18% of the company's stock.
ICICI Bank Company Profile
(
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.
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