Agri Bank China (OTCMKTS:ACGBY) Stock Price Down 5.8% – Here’s What Happened

Shares of Agri Bank China (OTCMKTS:ACGBY) were down 5.8% during mid-day trading on Thursday . The stock traded as low as $18.10 and last traded at $18.10. 1,151 shares traded hands during trading, a decline of 97% from the average daily volume of 36,853 shares. The stock had previously closed at $19.2070.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup lowered shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Zacks Research raised shares of Agri Bank China to a “hold” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Agri Bank China has an average rating of “Hold”.

Agri Bank China Stock Performance

The business has a 50 day simple moving average of $18.96 and a 200 day simple moving average of $18.03. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $252.69 billion, a price-to-earnings ratio of 6.49 and a beta of 0.08.

Agri Bank China (OTCMKTS:ACGBY) last announced its earnings results on Monday, March 30th. The company reported $0.67 earnings per share for the quarter. Agri Bank China had a return on equity of 9.51% and a net margin of 21.45%.The company had revenue of $24.59 billion during the quarter. As a group, equities analysts forecast that Agri Bank China will post 3.02 EPS for the current 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.