Agri Bank China (OTCMKTS:ACGBY) Sees Unusually-High Trading Volume – Time to Buy?

Agri Bank China (OTCMKTS:ACGBY) saw unusually-strong trading volume on Monday . Approximately 64,715 shares were traded during mid-day trading, an increase of 84% from the previous session’s volume of 35,111 shares.The stock last traded at $18.34 and had previously closed at $18.68.

Agri Bank China Price Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50 day moving average is $18.52 and its 200 day moving average is $17.66. The stock has a market cap of $255.21 billion, a price-to-earnings ratio of 6.75 and a beta of 0.06.

Agri Bank China (OTCMKTS:ACGBY) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.77 EPS for the quarter. Agri Bank China had a return on equity of 9.25% and a net margin of 21.14%.

About Agri Bank China

Agricultural Bank of China Limited, together with its subsidiaries, provides banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency call, time or demand optional, foreign exchange call, foreign exchange time, savings, agreed term, and negotiated deposit accounts, as well as certificates of deposit; and loans, including housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.