Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down – Time to Sell?

Shares of Agri Bank China (OTCMKTS:ACGBY) gapped down before the market opened 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 changing hands.

Wall Street Analyst Weigh In

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

Agri Bank China Stock Down 2.9%

The company has a market capitalization of $252.69 billion, a P/E ratio of 6.49 and a beta of 0.08. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50 day moving average of $18.97 and a 200-day moving average of $18.03.

Agri Bank China (OTCMKTS:ACGBY) last released its quarterly earnings results on Monday, March 30th. The company reported $0.67 EPS for the quarter. The business had revenue of $24.59 billion during the quarter. Agri Bank China had a return on equity of 9.51% and a net margin of 21.45%. As a group, equities analysts anticipate that Agri Bank China will post 3.02 EPS for the current year.

About Agri Bank China

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.