Agri Bank China (OTCMKTS:ACGBY) Sees Unusually-High Trading Volume – What’s Next?

Agri Bank China (OTCMKTS:ACGBY) saw unusually-high trading volume on Wednesday . Approximately 35,417 shares changed hands during mid-day trading, an increase of 84% from the previous session’s volume of 19,242 shares.The stock last traded at $17.79 and had previously closed at $17.75.

Agri Bank China Stock Performance

The firm has a 50 day moving average of $17.99 and a two-hundred day moving average of $17.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $243.59 billion, a PE ratio of 6.44 and a beta of 0.08.

Agri Bank China (OTCMKTS:ACGBY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.77 earnings per share for the quarter. Agri Bank China had a net margin of 21.14% and a return on equity of 9.25%.

Agri Bank China Company Profile

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.