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Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down - Time to Sell?

Agri Bank China logo with Finance background

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $17.14, but opened at $16.44. Agri Bank China shares last traded at $17.05, with a volume of 3,893 shares changing hands.

Agri Bank China Trading Down 0.6%

The firm's 50-day simple moving average is $17.08 and its 200-day simple moving average is $15.42. The firm has a market capitalization of $238.55 billion, a P/E ratio of 6.58 and a beta of 0.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.99.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.65 earnings per share (EPS) for the quarter. Agri Bank China had a net margin of 20.46% and a return on equity of 9.22%. The company had revenue of $25.68 billion during the quarter.

Agri Bank China Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.3231 per share. The ex-dividend date of this dividend is Thursday, July 10th. This is a boost from Agri Bank China's previous dividend of $0.31. This represents a dividend yield of 3.58%. Agri Bank China's payout ratio is 25.10%.

About Agri Bank China

(Get Free Report)

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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