Agri Bank China (OTCMKTS:ACGBY) Sees Strong Trading Volume – What’s Next?

Agri Bank China (OTCMKTS:ACGBY) shares saw an uptick in trading volume on Monday . 27,255 shares traded hands during trading, an increase of 68% from the previous session’s volume of 16,260 shares.The stock last traded at $17.84 and had previously closed at $17.72.

Agri Bank China Stock Performance

The stock has a fifty day simple moving average of $18.54 and a two-hundred day simple moving average of $17.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $251.99 billion, a price-to-earnings ratio of 6.67 and a beta of 0.08.

Agri Bank China (OTCMKTS:ACGBY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.77 EPS for the quarter. Agri Bank China had a return on equity of 9.25% and a net margin of 21.14%.

Agri Bank China Company Profile

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.