Agri Bank China (OTCMKTS:ACGBY) Hits New 12-Month High – Here’s What Happened

Agri Bank China (OTCMKTS:ACGBY) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.50 and last traded at $20.70, with a volume of 25700 shares traded. The stock had previously closed at $20.75.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered 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 MarketBeat, the stock currently has an average rating of “Hold”.

Agri Bank China Price Performance

The stock has a 50 day moving average of $19.62 and a 200-day moving average of $18.68. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $287.90 billion, a P/E ratio of 7.12 and a beta of 0.10.

Agri Bank China (OTCMKTS:ACGBY) last announced its quarterly earnings data on Friday, August 28th. The company reported $0.73 EPS for the quarter. Agri Bank China had a return on equity of 9.55% and a net margin of 21.51%.The company had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.06 billion.

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.