Standard Chartered (OTCMKTS:SCBFF) Shares Up 0.4% – Should You Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) shot up 0.4% during mid-day trading on Thursday . The stock traded as high as $13.37 and last traded at $13.36. 13,226 shares were traded during mid-day trading, an increase of 269% from the average session volume of 3,584 shares. The stock had previously closed at $13.31.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 3rd.

Standard Chartered Price Performance

The firm’s 50 day moving average price is $12.59 and its two-hundred day moving average price is $11.17. The firm has a market capitalization of $32.79 billion, a PE ratio of 12.04 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48.

About Standard Chartered

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.