Agri Bank China (OTCMKTS:ACGBY) Sees Strong Trading Volume – Time to Buy?

Agri Bank China (OTCMKTS:ACGBY) saw unusually-strong trading volume on Wednesday . Approximately 35,417 shares changed hands during trading, an increase of 84% from the previous session’s volume of 19,242 shares.The stock last traded at $17.79 and had previously closed at $17.75.

Agri Bank China Price Performance

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $248.84 billion, a P/E ratio of 6.58 and a beta of 0.08. The company’s 50-day simple moving average is $18.06 and its 200 day simple moving average is $17.78.

Agri Bank China (OTCMKTS:ACGBY) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.77 EPS for the quarter. Agri Bank China had a return on equity of 9.25% and a net margin of 21.14%.

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.