Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down - What's Next?

Key Points

• Agri Bank China shares gapped down at market open from $17.85 to $16.89, and last traded at $17.55 with a volume of 666 shares.
• The company reported a quarterly EPS of $0.62 with a net margin of 20.80% and revenue of $25.31 billion.
• Agri Bank China announced an increase in its dividend to $0.3231 per share, reflecting a substantial yield of 358.0%.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $17.85, but opened at $16.89. Agri Bank China shares last traded at $17.55, with a volume of 666 shares.

Agri Bank China Stock Down 1.0%

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 $238.13 billion, a PE ratio of 6.57 and a beta of 0.11. The business has a 50-day moving average price of $17.15 and a 200-day moving average price of $16.39.

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

Agri Bank China Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, July 11th were given a dividend of $0.3231 per share. This represents a dividend yield of 358.0%. The ex-dividend date of this dividend was Thursday, July 10th. This is a positive change from Agri Bank China's previous dividend of $0.31. Agri Bank China's dividend payout ratio is presently 25.10%.

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.