Shares of Agri Bank China (OTCMKTS:ACGBY – Get Free Report) reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $22.6650 and last traded at $22.36, with a volume of 832 shares trading hands. The stock had previously closed at $21.93.
Analyst Upgrades and Downgrades
Separately, Zacks Research initiated coverage on 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
View Our Latest Research Report on ACGBY
Agri Bank China Stock Up 1.4%
The stock has a market cap of $311.34 billion, a PE ratio of 7.70 and a beta of 0.10. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50-day moving average price is $20.71 and its 200 day moving average price is $18.76.
Agri Bank China (OTCMKTS:ACGBY – Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.93 earnings per share (EPS) for the quarter. Agri Bank China had a net margin of 21.51% and a return on equity of 9.38%. As a group, analysts forecast that Agri Bank China will post 3.26 EPS for the current fiscal year.
Agri Bank China Company Profile
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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