Agri Bank China (OTCMKTS:ACGBY) Sees Large Volume Increase - Should You Buy?

Key Points

• Agri Bank China's shares experienced an unusually-high trading volume with approximately 32,381 shares exchanged, marking a slight decline from the day prior.
• The company reported a quarterly earnings per share (EPS) of $0.62 and revenue of $25.31 billion, with a net margin of 20.80%.
• As of the latest trading session, Agri Bank China's stock price was $16.78, reflecting a 1.4% decrease from its previous close.

Shares of Agri Bank China (OTCMKTS:ACGBY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 32,381 shares traded hands during trading, a decline of 1% from the previous session's volume of 32,756 shares.The stock last traded at $16.78 and had previously closed at $16.86.

Agri Bank China Trading Down 1.4%

The company has a market capitalization of $232.61 billion, a P/E ratio of 6.42 and a beta of 0.08. The business's 50-day moving average price is $17.08 and its two-hundred day moving average price is $16.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) last posted its quarterly earnings data on Friday, August 29th. The company reported $0.62 EPS for the quarter. The business had revenue of $25.31 billion for the quarter. Agri Bank China had a net margin of 20.80% and a return on equity of 9.26%.

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.

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