Agri Bank China (OTCMKTS:ACGBY – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.93 earnings per share for the quarter, Zacks reports. Agri Bank China had a return on equity of 9.38% and a net margin of 21.51%.
Agri Bank China Price Performance
OTCMKTS ACGBY traded up $0.31 during trading hours on Friday, reaching $22.24. The company’s stock had a trading volume of 72,382 shares, compared to its average volume of 34,007. The stock has a market cap of $311.34 billion, a PE ratio of 7.70 and a beta of 0.10. Agri Bank China has a fifty-two week low of $15.85 and a fifty-two week high of $23.19. The company’s 50-day moving average is $20.71 and its two-hundred day moving average is $18.76. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.87.
Wall Street Analysts Forecast Growth
Separately, Zacks Research started coverage on shares of Agri Bank China in a report on Tuesday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Report on ACGBY
About Agri Bank China
Agricultural Bank of China Limited, also known as AgBank, is a major commercial bank headquartered in Beijing, China. Established in 1951, the bank has historically focused on supporting China’s agricultural sector and rural communities while expanding into a full-service financial institution serving individuals, businesses and government-related organizations.
The bank provides a broad range of services, including personal and corporate deposits and loans, payment and settlement services, wealth management, credit cards, investment banking, custody, foreign-exchange services and other financial products.
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