Agricultural Bank of China (OTCMKTS:ACGBY) Reaches New 1-Year High – Should You Buy?

Agricultural Bank of China Limited (OTCMKTS:ACGBY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.30 and last traded at $12.32, with a volume of 2929 shares trading hands. The stock had previously closed at $12.39.

Agricultural Bank of China Price Performance

The firm’s fifty day moving average is $11.85 and its 200-day moving average is $11.36. The stock has a market capitalization of $172.40 billion, a price-to-earnings ratio of 4.96 and a beta of 0.09.

Agricultural Bank of China (OTCMKTS:ACGBY) last released its earnings results on Friday, August 30th. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $25 billion during the quarter. Agricultural Bank of China had a net margin of 19.55% and a return on equity of 9.30%.

Agricultural Bank of 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.