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

Agri Bank China (OTCMKTS:ACGBY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $19.4680, but opened at $18.56. Agri Bank China shares last traded at $18.58, with a volume of 217 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research raised Agri Bank China to a “hold” rating in a research note on Thursday, April 23rd. Citigroup cut Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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Agri Bank China Price Performance

The firm has a market cap of $259.82 billion, a PE ratio of 6.68 and a beta of 0.08. The firm has a fifty day simple moving average of $18.96 and a two-hundred day simple moving average of $18.03. 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 – Get Free Report) last released its quarterly earnings results on Monday, March 30th. The company reported $0.67 earnings per share for the quarter. The business 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%. Equities analysts predict that Agri Bank China will post 3.02 EPS for the current fiscal year.

About Agri Bank China

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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.

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