Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down – What’s Next?

Agri Bank China (OTCMKTS:ACGBY)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $22.24, but opened at $21.1150. Agri Bank China shares last traded at $21.06, with a volume of 9,417 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research initiated coverage on Agri Bank China in a research note on Tuesday, October 27th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Agri Bank China Price Performance

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 business has a 50 day simple moving average of $20.85 and a 200-day simple moving average of $18.83. The firm has a market cap of $304.70 billion, a price-to-earnings ratio of 7.14 and a beta of 0.11.

Agri Bank China (OTCMKTS:ACGBY) last posted its earnings results on Friday, October 30th. The company reported $0.93 earnings per share for the quarter. The company had revenue of $30.91 billion for the quarter. Agri Bank China had a return on equity of 9.67% and a net margin of 21.94%. Equities research analysts expect that Agri Bank China will post 3.30 earnings per share for the current 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.