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Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Reaches New 12-Month High - Still a Buy?

Industrial and Commercial Bank of China logo with Finance background

Shares of Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $13.14 and last traded at $13.08, with a volume of 53983 shares changing hands. The stock had previously closed at $12.55.

Industrial and Commercial Bank of China Trading Up 4.2 %

The stock has a 50-day moving average price of $12.11 and a two-hundred day moving average price of $11.67. The stock has a market cap of $233.09 billion, a price-to-earnings ratio of 4.41 and a beta of 0.11.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.70 EPS for the quarter. The company had revenue of $27.53 billion during the quarter.

Industrial and Commercial Bank of China Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 3rd will be paid a $0.3018 dividend. The ex-dividend date is Friday, January 3rd.

About Industrial and Commercial Bank of China

(Get Free Report)

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.

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