Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down – Should You Sell?

Agri Bank China (OTCMKTS:ACGBY) gapped down before the market opened on Thursday . The stock had previously closed at $17.75, but opened at $16.95. Agri Bank China shares last traded at $17.1350, with a volume of 9,209 shares trading hands.

Wall Street Analysts Forecast Growth

ACGBY has been the subject of a number of recent research reports. Citigroup lowered shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Agri Bank China to a “hold” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Agri Bank China Price Performance

The firm has a fifty day moving average of $18.94 and a two-hundred day moving average of $18.01. 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 company has a market capitalization of $241.14 billion, a PE ratio of 6.20 and a beta of 0.08.

Agri Bank China (OTCMKTS:ACGBY) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.67 earnings per share for the quarter. The firm had revenue of $24.59 billion during the quarter. Agri Bank China had a return on equity of 9.51% and a net margin of 21.45%. Research analysts anticipate 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.