PING AN INS GRP/S (OTCMKTS:PNGAY) Downgraded to “Strong Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of PING AN INS GRP/S (OTCMKTS:PNGAY) from a hold rating to a strong sell rating in a research note issued to investors on Thursday, reports.

According to Zacks, “Ping An Insurance Company of China, Ltd. is engaged in providing products and services in insurance, banking and investment to retail customers and corporate clients. It offers life insurance; property and casualty insurance, including motor, property loss, liability, credit and trust, mortgage loan and individual car installment loan; health insurance comprising accident, committed governmental health insurance management, health consulting, and reinsurance; and annuity products, such as commercial supplementary pension and short-term group insurance. The company also provides trust services; products and services for investment banking, fixed earnings, assets management, securities trading, brokerage, research, and derivate products; and financial futures’ business and commodity futures’ brokerages, as well as asset hedge service, futures investment consultation, and futures training. Ping An Insurance Company of China, Ltd. is headquartered in Shenzhen, the People’s Republic of China. “

Separately, ValuEngine downgraded shares of PING AN INS GRP/S from a sell rating to a strong sell rating in a report on Tuesday, January 7th.

OTCMKTS:PNGAY traded down $0.11 during midday trading on Thursday, reaching $24.43. The stock had a trading volume of 239,050 shares, compared to its average volume of 222,758. PING AN INS GRP/S has a 1-year low of $18.35 and a 1-year high of $25.91. The firm’s fifty day simple moving average is $23.96 and its 200-day simple moving average is $23.61. The stock has a market capitalization of $223.29 billion, a P/E ratio of 13.42 and a beta of 1.42.

PING AN INS GRP/S Company Profile

Ping An Insurance (Group) Company of China, Ltd. provides various financial products and services focusing on insurance, banking, asset management, and fintech and healthtech businesses in China. The company's Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers.

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