Agri Bank China (OTCMKTS:ACGBY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Agri Bank China (OTCMKTS:ACGBY) experienced a significant increase in trading volume, with 37,392 shares traded, up 7% from the previous session.
• The bank reported earnings of $0.62 per share and revenue of $25.31 billion, highlighting a net margin of 20.80% and a return on equity of 9.26%.
• With a market capitalization of $241.07 billion and a low P/E ratio of 6.65, Agri Bank China appears to be a potentially attractive investment option.

Shares of Agri Bank China (OTCMKTS:ACGBY - Get Free Report) saw strong trading volume on Wednesday . 37,392 shares traded hands during mid-day trading, an increase of 7% from the previous session's volume of 34,891 shares.The stock last traded at $17.20 and had previously closed at $17.20.

Agri Bank China Price Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88. The stock's fifty day moving average is $17.08 and its 200-day moving average is $16.52. The stock has a market capitalization of $241.07 billion, a P/E ratio of 6.65 and a beta of 0.08.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) last released its earnings results on Friday, August 29th. The company reported $0.62 earnings per share for the quarter. The business had revenue of $25.31 billion during 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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