Agri Bank China (OTCMKTS:ACGBY) Sets New 12-Month High – Still a Buy?

Agri Bank China (OTCMKTS:ACGBY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $21.05 and last traded at $21.01, with a volume of 39792 shares traded. The stock had previously closed at $20.69.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Agri Bank China Stock Performance

The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50-day simple moving average of $18.61 and a 200 day simple moving average of $18.30. The firm has a market cap of $294.15 billion, a PE ratio of 7.56 and a beta of 0.10.

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.