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Standard Chartered (OTCMKTS:SCBFF) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Standard Chartered logo with Finance background

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.47 and traded as low as $12.25. Standard Chartered shares last traded at $12.25, with a volume of 10,307 shares traded.

Standard Chartered Price Performance

The business has a 50-day simple moving average of $14.33 and a 200 day simple moving average of $12.70. The stock has a market cap of $29.95 billion, a P/E ratio of 10.99 and a beta of 0.54. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $4.80 billion during the quarter. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. On average, analysts forecast that Standard Chartered PLC will post 1.66 earnings per share for the current year.

Standard Chartered Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, May 19th. Investors of record on Friday, March 28th will be issued a $0.28 dividend. This is a boost from Standard Chartered's previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 27th. Standard Chartered's dividend payout ratio (DPR) is currently 40.88%.

Standard Chartered Company Profile

(Get Free Report)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.

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