Agri Bank China (OTCMKTS:ACGBY) Hits New 1-Year High – Still a Buy?

Agri Bank China (OTCMKTS:ACGBY) reached a new 52-week high on Friday . The stock traded as high as $21.00 and last traded at $19.5250, with a volume of 57939 shares traded. The stock had previously closed at $18.98.

Agri Bank China Trading Up 2.8%

The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $17.39 and a two-hundred day simple moving average of $17.89. The firm has a market cap of $273.27 billion, a PE ratio of 7.20 and a beta of 0.03.

Agri Bank China (OTCMKTS:ACGBY) last posted its quarterly earnings data on Monday, March 30th. The company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $24.59 billion during the quarter. Agri Bank China had a return on equity of 9.35% and a net margin of 21.45%.

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.