Standard Chartered (OTCMKTS:SCBFF) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFF) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

Standard Chartered Stock Down 8.0 %

The business’s 50 day moving average price is $14.47 and its 200-day moving average price is $12.65. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $30.07 billion, a P/E ratio of 11.04 and a beta of 0.67.

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

Standard Chartered Increases Dividend

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

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.