Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down – Time to Sell?
by Sarita Garza · The Markets DailyAgri Bank China (OTCMKTS:ACGBY – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $18.70, but opened at $17.70. Agri Bank China shares last traded at $17.99, with a volume of 3,382 shares changing hands.
Agri Bank China Trading Down 1.1%
The business has a 50-day moving average of $18.67 and a 200 day moving average of $17.82. The stock has a market cap of $246.11 billion, a PE ratio of 6.51 and a beta of 0.08. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24.
Agri Bank China (OTCMKTS:ACGBY – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.77 earnings per share (EPS) for the quarter. Agri Bank China had a net margin of 21.14% and a return on equity of 9.25%.
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.