Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down before the market opened, slipping from a $19.55 close to an $18.5050 open (last trade $18.5050) on a volume of 752 shares.
• Zacks Research revised its view to a "Hold" on April 23, and MarketBeat shows the stock's average analyst rating is currently Hold.
• Agri Bank China is a very large bank with a market cap of $263.19 billion and a P/E of 6.94; it reported quarterly EPS of $0.67 and $24.59 billion in revenue, with analysts forecasting about 3.02 EPS for the year.

Shares of Agri Bank China (OTCMKTS:ACGBY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $19.55, but opened at $18.5050. Agri Bank China shares last traded at $18.5050, with a volume of 752 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Agri Bank China to a "hold" rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Agri Bank China currently has an average rating of "Hold".

Agri Bank China Price Performance

The company has a debt-to-equity ratio of 1.03, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $263.19 billion, a price-to-earnings ratio of 6.94 and a beta of 0.10. The business's 50-day simple moving average is $17.79 and its two-hundred day simple moving average is $18.10.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) last issued its earnings results on Monday, March 30th. The company reported $0.67 earnings per share for the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.31%. The firm had revenue of $24.59 billion for the quarter. Research analysts expect that Agri Bank China will post 3.02 earnings per share for the current year.

About Agri Bank China

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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