ValuEngine downgraded shares of Industrial & Cmrcl Bnk f China (OTCMKTS:IDCBY) from a hold rating to a sell rating in a research report sent to investors on Tuesday, ValuEngine reports.
IDCBY stock traded down $0.08 during mid-day trading on Tuesday, reaching $13.93. 100,067 shares of the company traded hands, compared to its average volume of 79,983. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $248.24 billion, a P/E ratio of 5.66 and a beta of 0.98. Industrial & Cmrcl Bnk f China has a 52-week low of $12.10 and a 52-week high of $15.63. The company has a fifty day moving average price of $14.07 and a 200-day moving average price of $14.02.
Industrial and Commercial Bank of China Limited provides various banking products and services primarily in China and internationally. It 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.