Agri Bank China (OTCMKTS:ACGBY – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 29,708 shares, a decrease of 36.1% from the September 30th total of 46,511 shares. Based on an average daily trading volume, of 62,432 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.
Analyst Ratings Changes
Separately, Zacks Research initiated coverage on Agri Bank China in a report on Tuesday, October 27th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Agri Bank China currently has a consensus rating of “Hold”.
View Our Latest Research Report on Agri Bank China
Agri Bank China Trading Down 2.9%
Agri Bank China stock opened at $21.60 on Tuesday. The firm has a 50 day moving average of $20.79 and a 200 day moving average of $18.80. The firm has a market capitalization of $302.39 billion, a price-to-earnings ratio of 7.47 and a beta of 0.10. Agri Bank China has a 12-month low of $15.85 and a 12-month high of $23.19. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08.
Agri Bank China (OTCMKTS:ACGBY – Get Free Report) last released its quarterly earnings data on Friday, October 30th. The company reported $0.93 EPS for the quarter. Agri Bank China had a net margin of 21.51% and a return on equity of 9.38%. The business had revenue of $30.91 billion during the quarter. As a group, research analysts predict that Agri Bank China will post 3.30 earnings per share for the current year.
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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