Standard Chartered (OTCMKTS:SCBFY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Standard Chartered PLC (OTCMKTS:SCBFY) saw an uptick in trading volume on Monday . 562,279 shares were traded during mid-day trading, an increase of 184% from the previous session’s volume of 197,939 shares.The stock last traded at $52.65 and had previously closed at $50.68.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Standard Chartered to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Standard Chartered Trading Up 3.9%

The firm’s fifty day simple moving average is $46.21 and its 200 day simple moving average is $46.93.

Standard Chartered Company Profile

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.