Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down – What’s Next?
by Kim Johansen · The Markets DailyAgri Bank China (OTCMKTS:ACGBY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $19.4680, but opened at $18.56. Agri Bank China shares last traded at $18.58, with a volume of 217 shares.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ACGBY shares. Citigroup cut Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Zacks Research upgraded Agri Bank China to a “hold” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Report on ACGBY
Agri Bank China Trading Down 3.4%
The stock has a market cap of $259.82 billion, a PE ratio of 6.68 and a beta of 0.08. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average price of $18.96 and a 200 day moving average price of $18.03.
Agri Bank China (OTCMKTS:ACGBY – Get Free Report) last posted its quarterly earnings data on Monday, March 30th. The company reported $0.67 earnings per share (EPS) for the quarter. Agri Bank China had a return on equity of 9.51% and a net margin of 21.45%.The company had revenue of $24.59 billion during the quarter. Equities analysts expect that Agri Bank China will post 3.02 EPS for the current 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.