Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down – Here’s Why

Shares of Agri Bank China (OTCMKTS:ACGBY) gapped down before the market opened on Tuesday . The stock had previously closed at $19.55, but opened at $18.5050. Agri Bank China shares last traded at $18.5050, with a volume of 752 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Agri Bank China to a “hold” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Agri Bank China Stock Down 3.0%

The firm’s fifty day moving average price is $17.79 and its two-hundred day moving average price is $18.10. The stock has a market cap of $263.19 billion, a price-to-earnings ratio of 6.94 and a beta of 0.10. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.22 and a quick ratio of 1.22.

Agri Bank China (OTCMKTS:ACGBY) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.67 earnings per share for the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.31%. The firm had revenue of $24.59 billion for the quarter. Sell-side analysts forecast that Agri Bank China will post 3.02 earnings per share for the current fiscal year.

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.