Agri Bank China (OTCMKTS:ACGBY) Sets New 1-Year High – What’s Next?

Shares of Agri Bank China (OTCMKTS:ACGBY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.50 and last traded at $20.70, with a volume of 25700 shares changing hands. The stock had previously closed at $20.75.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Agri Bank China Stock Performance

The business’s fifty day simple moving average is $19.50 and its 200-day simple moving average is $18.62. The company has a market capitalization of $288.95 billion, a P/E ratio of 7.14 and a beta of 0.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.87 and a current ratio of 0.87.

Agri Bank China (OTCMKTS:ACGBY) last released its quarterly earnings results on Friday, August 28th. The company reported $0.73 EPS for the quarter. Agri Bank China had a return on equity of 9.55% and a net margin of 21.51%.The company had revenue of $30.09 billion during the quarter, compared to analyst estimates of $29.06 billion.

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.