Standard Chartered (OTCMKTS:SCBFF) Trading 8.8% Higher

Standard Chartered PLC (OTCMKTS:SCBFF) shares traded up 8.8% on Wednesday . The stock traded as high as $8.50 and last traded at $8.50. 3,280 shares were traded during mid-day trading, a decline of 94% from the average session volume of 53,272 shares. The stock had previously closed at $7.81.

Standard Chartered Stock Performance

The stock has a 50-day simple moving average of $8.29 and a 200-day simple moving average of $8.09. The stock has a market cap of $22.89 billion, a PE ratio of 8.10 and a beta of 0.82. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.06). Standard Chartered had a net margin of 9.26% and a return on equity of 7.95%. The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Equities analysts predict that Standard Chartered PLC will post 1.56 earnings per share for the current fiscal year.

Standard Chartered Company Profile

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.