ICICI Bank (NYSE:IBN) Reaches New 1-Year High at $27.59

ICICI Bank Limited (NYSE:IBN) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.59 and last traded at $27.59, with a volume of 4757 shares changing hands. The stock had previously closed at $26.53.

ICICI Bank Stock Performance

The firm’s 50-day moving average price is $26.05 and its 200-day moving average price is $24.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $96.68 billion, a P/E ratio of 20.54, a PEG ratio of 1.64 and a beta of 1.01.

Institutional Trading of ICICI Bank

A number of institutional investors and hedge funds have recently bought and sold shares of IBN. Rakuten Securities Inc. bought a new position in shares of ICICI Bank during the 4th quarter valued at about $33,000. Bruce G. Allen Investments LLC bought a new position in ICICI Bank during the fourth quarter valued at approximately $43,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in ICICI Bank during the 1st quarter valued at approximately $58,000. Allworth Financial LP increased its stake in ICICI Bank by 88.3% in the 3rd quarter. Allworth Financial LP now owns 2,741 shares of the bank’s stock worth $63,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of ICICI Bank during the 4th quarter worth approximately $67,000. 18.18% of the stock is currently owned by institutional investors.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.