Agri Bank China (OTCMKTS:ACGBY) Shares Gap Up – Here’s Why

Agri Bank China (OTCMKTS:ACGBY) gapped up prior to trading on Thursday . The stock had previously closed at $20.5650, but opened at $21.3559. Agri Bank China shares last traded at $20.95, with a volume of 16,025 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Agri Bank China Price Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $19.62 and a 200 day moving average price of $18.68. The stock has a market capitalization of $293.78 billion, a price-to-earnings ratio of 7.26 and a beta of 0.10.

Agri Bank China (OTCMKTS:ACGBY) last issued its quarterly earnings data on Friday, August 28th. The company reported $0.73 EPS for the quarter. The company had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.06 billion. Agri Bank China had a return on equity of 9.55% and a net margin of 21.51%.

About Agri Bank China

Agricultural Bank of China Limited, also known as AgBank, is a state-owned commercial bank headquartered in Beijing. The bank provides banking and financial services to individuals, businesses, government institutions and agricultural customers, with a particular focus on rural communities, farmers and the broader agricultural sector.

Its products and services include personal and corporate deposits, loans, payment and settlement services, wealth management, investment banking, financial markets activities and electronic banking.