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

by · The Cerbat Gem

Shares of Agri Bank China (OTCMKTS:ACGBY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $17.15, but opened at $17.96. Agri Bank China shares last traded at $17.96, with a volume of 360 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zacks Research upgraded Agri Bank China to a “hold” rating in a research report on Thursday, April 23rd. Citigroup lowered Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

View Our Latest Report on Agri Bank China

Agri Bank China Stock Up 4.6%

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.03. The firm has a market cap of $251.15 billion, a P/E ratio of 6.45 and a beta of 0.11. The business has a fifty day moving average of $18.49 and a 200 day moving average of $17.95.

About Agri Bank China

(Get Free Report)

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.

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