Agri Bank China (OTCMKTS:ACGBY) Shares Gap Up – Should You Buy?

Agri Bank China (OTCMKTS:ACGBY) shares gapped up prior to trading on Monday . The stock had previously closed at $17.19, but opened at $17.72. Agri Bank China shares last traded at $17.72, with a volume of 709 shares trading hands.

Agri Bank China Trading Up 0.8%

The stock has a market capitalization of $245.76 billion, a P/E ratio of 6.50 and a beta of 0.07. The stock’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $17.85. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02.

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.