Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Strong Trading Volume – Time to Buy?

Shares of Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) saw an uptick in trading volume on Wednesday . Approximately 469,825 shares were traded during mid-day trading, an increase of 141% from the previous session’s volume of 195,308 shares.The stock last traded at $14.14 and had previously closed at $14.10.

Analyst Ratings Changes

Separately, Zacks Research raised Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

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Ping An Insurance Co. of China Stock Down 0.8%

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $128.97 billion, a PE ratio of 7.02 and a beta of 0.35. The stock has a 50 day simple moving average of $14.10 and a 200 day simple moving average of $15.63.

Ping An Insurance Co. of China Company Profile

(Get Free Report)

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.

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