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

Agri Bank China (OTCMKTS:ACGBY)’s stock price 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ACGBY shares. Zacks Research upgraded Agri Bank China to a “hold” rating in a research note on Thursday, April 23rd. Citigroup lowered Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Agri Bank China Price Performance

The firm’s fifty day simple moving average is $18.88 and its 200 day simple moving average is $18.02. The firm has a market cap of $270.05 billion, a P/E ratio of 6.94 and a beta of 0.08. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.22 and a current ratio of 1.22.

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

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.