Agricultural Bank of China Limited (OTCMKTS:ACGBY – Get Rating) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 30,900 shares, a decline of 73.4% from the August 31st total of 116,000 shares. Based on an average daily trading volume, of 276,800 shares, the short-interest ratio is currently 0.1 days.
Agricultural Bank of China Stock Down 1.1 %
ACGBY stock opened at $7.52 on Wednesday. Agricultural Bank of China has a 12 month low of $7.47 and a 12 month high of $10.03. The firm has a market cap of $105.27 billion, a PE ratio of 2.93 and a beta of 0.29. The firm has a 50 day simple moving average of $8.04 and a 200 day simple moving average of $8.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.16 and a quick ratio of 1.16.
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Agricultural Bank of China (OTCMKTS:ACGBY – Get Rating) last released its quarterly earnings data on Monday, August 29th. The company reported $0.57 earnings per share for the quarter. Agricultural Bank of China had a net margin of 21.12% and a return on equity of 10.82%. The firm had revenue of $25.79 billion for the quarter.
Agricultural Bank of China Cuts Dividend
The business also recently declared a dividend, which was paid on Monday, August 22nd. Shareholders of record on Thursday, July 7th were issued a $0.6816 dividend. This represents a yield of 7.18%. The ex-dividend date of this dividend was Wednesday, July 6th. Agricultural Bank of China's dividend payout ratio (DPR) is presently 24.90%.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised shares of Agricultural Bank of China from a "sell" rating to a "neutral" rating in a report on Wednesday, July 20th.
Agricultural Bank of China Company Profile
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Agricultural Bank of China Limited provides corporate and retail banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency time, foreign currency call, time or demand optional, foreign exchange demand, foreign exchange call, foreign exchange time, certificates of deposit, savings, agreed-term, and negotiated deposits; and loans comprise 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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