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

Key Points

• Agri Bank China's stock price increased from $18.43 to $19.13 before opening, and last traded at $18.85 with a volume of 8,588 shares.
• The company reported $0.62 earnings per share for the last quarter, with revenue of $25.31 billion and a net margin of 20.80%.
• Agri Bank China has a market cap of $263.05 billion and a relatively low PE ratio of 7.25, indicating potential investment value.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $18.43, but opened at $19.13. Agri Bank China shares last traded at $18.85, with a volume of 8,588 shares traded.

Agri Bank China Stock Performance

The company has a market cap of $263.05 billion, a PE ratio of 7.25 and a beta of 0.08. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.99. The firm's 50-day simple moving average is $17.17 and its two-hundred day simple moving average is $16.63.

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 company had revenue of $25.31 billion for the quarter. Agri Bank China had a net margin of 20.80% and a return on equity of 9.22%.

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.

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