Agri Bank China (OTCMKTS:ACGBY) Reaches New 52-Week High – Should You Buy?

Agri Bank China (OTCMKTS:ACGBY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $21.13 and last traded at $21.13, with a volume of 512 shares traded. The stock had previously closed at $20.01.

Analyst Ratings Changes

Separately, Zacks Research lowered Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Agri Bank China currently has a consensus rating of “Hold”.

Agri Bank China Stock Performance

The company has a market cap of $284.19 billion, a price-to-earnings ratio of 7.02 and a beta of 0.10. 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’s fifty day simple moving average is $19.02 and its 200 day simple moving average is $18.44.

Agri Bank China (OTCMKTS:ACGBY) last posted its quarterly earnings results on Friday, August 28th. The company reported $0.73 EPS for the quarter. The firm had revenue of $30.09 billion during the quarter, compared to analysts’ expectations of $29.06 billion. Agri Bank China had a return on equity of 9.55% and a net margin of 21.51%. As a group, analysts anticipate that Agri Bank China will post 3.2 earnings per share for the current year.

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.