Standard Chartered (OTCMKTS:SCBFF) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report)'s share price 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 trading hands.Get Standard Chartered alerts:Standard Chartered Price PerformanceThe company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. The company has a 50 day simple moving average of $14.47 and a 200-day simple moving average of $12.63. The stock has a market cap of $30.07 billion, a price-to-earnings ratio of 11.04 and a beta of 0.67. Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $4.80 billion for the quarter. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. As a group, research analysts anticipate that Standard Chartered PLC will post 1.66 EPS for the current fiscal year. Standard Chartered Increases DividendThe firm also recently disclosed a dividend, which will be paid on Monday, May 19th. Investors of record on Friday, March 28th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, March 27th. This is an increase from Standard Chartered's previous dividend of $0.09. Standard Chartered's dividend payout ratio is currently 40.88%. Standard Chartered Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Standard CharteredTrading Stocks: RSI and Why it's UsefulArcher Aviation’s Africa Deal Could Boost ACHR StockHow to Invest in the Best Canadian Stocks Are Short Sellers Wrong About These 3 Semiconductor Stocks?The 3 Best Blue-Chip Stocks to Buy NowBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Standard Chartered Right Now?Before you consider Standard Chartered, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Chartered wasn't on the list.While Standard Chartered currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here