Agri Bank China (OTCMKTS:ACGBY) Sets New 1-Year High – Here’s What Happened

Agri Bank China (OTCMKTS:ACGBY) hit a new 52-week high during trading on Friday . The company traded as high as $21.00 and last traded at $19.5250, with a volume of 57939 shares. The stock had previously closed at $18.98.

Agri Bank China Trading Up 2.8%

The firm has a market capitalization of $273.27 billion, a PE ratio of 7.20 and a beta of 0.03. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The business’s fifty day moving average price is $17.35 and its 200 day moving average price is $17.87.

Agri Bank China (OTCMKTS:ACGBY) last issued its quarterly earnings results on Monday, March 30th. The company reported $0.67 EPS for the quarter. The business had revenue of $24.59 billion during the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.35%.

About Agri Bank China

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.