Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down – Here’s Why

Agri Bank China (OTCMKTS:ACGBY) gapped down before the market opened on Thursday . The stock had previously closed at $21.05, but opened at $20.42. Agri Bank China shares last traded at $20.32, with a volume of 2,806 shares.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Agri Bank China has an average rating of “Hold”.

Agri Bank China Stock Down 2.8%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $286.43 billion, a price-to-earnings ratio of 7.36 and a beta of 0.10. The business’s 50 day moving average is $18.68 and its 200 day moving average is $18.33.

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.