Agri Bank China (OTCMKTS:ACGBY) Sees Large Volume Increase – Should You Buy?

Agri Bank China (OTCMKTS:ACGBY) shares saw strong trading volume on Tuesday . 117,114 shares changed hands during mid-day trading, an increase of 212% from the previous session’s volume of 37,589 shares.The stock last traded at $18.19 and had previously closed at $18.51.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup downgraded Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Zacks Research raised Agri Bank China to a “hold” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Agri Bank China Trading Down 1.7%

The company has a debt-to-equity ratio of 1.03, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $254.82 billion, a price-to-earnings ratio of 6.55 and a beta of 0.08. The business has a 50-day simple moving average of $18.81 and a two-hundred day simple moving average of $18.03.

Agri Bank China (OTCMKTS:ACGBY) last posted its quarterly earnings data on Monday, March 30th. The company reported $0.67 earnings per share for the quarter. The business had revenue of $24.59 billion during the quarter. Agri Bank China had a return on equity of 9.51% and a net margin of 21.45%. Equities analysts forecast that Agri Bank China will post 3.02 EPS for the current fiscal year.

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.