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

Agri Bank China (OTCMKTS:ACGBY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $18.6140, but opened at $19.33. Agri Bank China shares last traded at $19.3650, with a volume of 18,290 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zacks Research raised Agri Bank China from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Citigroup downgraded Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

Agri Bank China Price Performance

The stock has a market capitalization of $270.96 billion, a P/E ratio of 6.96 and a beta of 0.10. The stock’s fifty day moving average is $18.32 and its 200-day moving average is $18.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.87.

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.