Agri Bank China (OTCMKTS:ACGBY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Agri Bank China (OTCMKTS:ACGBY) experienced a decrease of 17% in trading volume, with 27,816 shares traded, as its stock price fell by 1.1% to $16.38.
• The bank reported quarterly earnings on August 29th, posting $0.62 earnings per share, with revenue amounting to $25.31 billion and a net margin of 20.80%.
• With a market capitalization of $227.91 billion, Agri Bank China shows solid fundamentals with a P/E ratio of 6.29 and a beta of 0.08.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 27,816 shares were traded during trading, a decline of 17% from the previous session's volume of 33,645 shares.The stock last traded at $16.38 and had previously closed at $16.46.

Agri Bank China Trading Down 1.1%

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $227.91 billion, a P/E ratio of 6.29 and a beta of 0.08. The business's 50 day moving average is $17.07 and its two-hundred day moving average is $16.48.

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

Agri Bank China Company Profile

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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