Agri Bank China (OTCMKTS:ACGBY) Posts Quarterly Earnings Results

Agri Bank China (OTCMKTS:ACGBY) released its quarterly earnings results on Friday. The company reported $0.93 earnings per share for the quarter, Zacks reports. Agri Bank China had a net margin of 21.51% and a return on equity of 9.38%.

Agri Bank China Trading Up 1.4%

Shares of OTCMKTS:ACGBY traded up $0.31 on Friday, hitting $22.24. The company had a trading volume of 67,655 shares, compared to its average volume of 33,987. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.08. Agri Bank China has a 1 year low of $15.85 and a 1 year high of $23.19. The firm’s 50-day simple moving average is $20.71 and its two-hundred day simple moving average is $18.76. The firm has a market capitalization of $311.34 billion, a price-to-earnings ratio of 7.70 and a beta of 0.10.

Analyst Upgrades and Downgrades

Separately, Zacks Research started coverage on Agri Bank China in a research report on Tuesday. They set a “hold” rating on the stock. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Agri Bank China has a consensus rating of “Hold”.

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.