Agri Bank China (OTCMKTS:ACGBY) Sets New 1-Year High - Here's What Happened

Key Points

• 52-week high: Agri Bank China (ACGBY) reached a new 52-week high of $21.00 on Friday, last trading at $19.525 with about 57,939 shares changing hands versus a prior close of $18.98.
• Quarterly results and valuation: The bank reported $0.67 EPS on $24.59 billion in revenue, with a 21.45% net margin and 9.35% ROE; the stock trades at a P/E of 7.20 and a market cap of $273.27 billion.
• Balance-sheet and profile: Key metrics include a debt-to-equity of 1.02 and current/quick ratios of 1.24, with 50-/200-day moving averages of $17.35/$17.87, and the firm is a major state-owned commercial bank serving agricultural, rural and broader markets.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $21.00 and last traded at $19.5250, with a volume of 57939 shares trading hands. The stock had previously closed at $18.98.

Agri Bank China Price Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. The company's 50 day moving average is $17.35 and its 200 day moving average is $17.87. The stock has a market cap of $273.27 billion, a price-to-earnings ratio of 7.20 and a beta of 0.03.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.67 EPS for the quarter. The firm had revenue of $24.59 billion during the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.35%.

Agri Bank China Company Profile

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China's largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank's product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.

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