Agri Bank China (OTCMKTS:ACGBY) Sets New 1-Year High – Here’s Why

Agri Bank China (OTCMKTS:ACGBY)’s stock price hit a new 52-week high during mid-day trading on Friday. The company traded as high as $22.6650 and last traded at $22.36, with a volume of 832 shares trading hands. The stock had previously closed at $21.93.

Analyst Ratings Changes

Separately, Zacks Research assumed coverage on shares of 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. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Agri Bank China Stock Performance

The company has a market capitalization of $311.34 billion, a P/E ratio of 7.70 and a beta of 0.10. The business has a 50 day moving average of $20.71 and a 200 day moving average of $18.76. 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 (OTCMKTS:ACGBY) last released its quarterly earnings data on Friday, October 30th. The company reported $0.93 earnings per share (EPS) for the quarter. Agri Bank China had a return on equity of 9.38% and a net margin of 21.51%. On average, sell-side analysts predict that Agri Bank China will post 3.26 earnings per share for the current year.

About Agri Bank China

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.