Agri Bank China (OTCMKTS:ACGBY) Reaches New 12-Month High – Here’s Why

Agri Bank China (OTCMKTS:ACGBY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $21.13 and last traded at $21.13, with a volume of 512 shares trading hands. The stock had previously closed at $20.01.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Agri Bank China Trading Up 1.6%

The firm has a market cap of $284.19 billion, a price-to-earnings ratio of 7.02 and a beta of 0.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50 day moving average price of $19.02 and a 200 day moving average price of $18.44.

Agri Bank China (OTCMKTS:ACGBY) last issued its quarterly earnings data on Friday, August 28th. The company reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.06 billion. Agri Bank China had a return on equity of 9.55% and a net margin of 21.51%. On average, research analysts expect that Agri Bank China will post 3.2 earnings per share for the current year.

About Agri Bank China

Agricultural Bank of China Limited, also known as AgBank, is a state-owned commercial bank headquartered in Beijing. The bank provides banking and financial services to individuals, businesses, government institutions and agricultural customers, with a particular focus on rural communities, farmers and the broader agricultural sector.

Its products and services include personal and corporate deposits, loans, payment and settlement services, wealth management, investment banking, financial markets activities and electronic banking.