Agri Bank China (OTCMKTS:ACGBY) Shares Gap Up – What’s Next?

Shares of Agri Bank China (OTCMKTS:ACGBY) gapped up prior to trading on Friday . The stock had previously closed at $18.89, but opened at $19.6323. Agri Bank China shares last traded at $19.3050, with a volume of 2,614 shares.

Analyst Ratings Changes

ACGBY has been the topic of several research analyst reports. Zacks Research upgraded shares of Agri Bank China to a “hold” rating in a research note on Thursday, April 23rd. Citigroup cut shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Agri Bank China Stock Performance

The firm has a market cap of $270.75 billion, a PE ratio of 6.96 and a beta of 0.08. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.03. The firm’s 50 day simple moving average is $18.91 and its 200 day simple moving average is $18.03.

Agri Bank China (OTCMKTS:ACGBY) last announced 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 for the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.51%. On average, research analysts forecast that Agri Bank China will post 3.02 EPS for the current fiscal 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.