Ping An Insurance Co. of China (OTCMKTS:PNGAY) Hits New 12-Month Low – Here’s What Happened

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report)’s stock price reached a new 52-week low on Wednesday. The stock traded as low as $12.80 and last traded at $12.8270, with a volume of 26,527 shares traded. The stock had previously closed at $13.11.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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Ping An Insurance Co. of China Stock Performance

The stock has a 50-day moving average of $13.96 and a 200 day moving average of $14.60. The stock has a market cap of $117.08 billion, a PE ratio of 5.42 and a beta of 0.33. The company has a quick ratio of 0.47, a current ratio of 0.46 and a debt-to-equity ratio of 0.49.

Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The company reported $0.98 earnings per share for the quarter. The firm had revenue of $55.38 billion during the quarter. Ping An Insurance Co. of China had a net margin of 13.21% and a return on equity of 12.42%. Equities analysts predict that Ping An Insurance Co. of China Ltd. will post 2.55 EPS for the current fiscal year.

About Ping An Insurance Co. of China

(Get Free Report)

Ping An Insurance (Group) Company of China, Ltd. is a diversified financial services group founded in 1988 and headquartered in Shenzhen, China. The company operates through an integrated model that combines insurance, banking, investment and technology-related services.

Its insurance operations provide life and health insurance, property and casualty coverage, automobile insurance, and other protection and savings products for individuals and businesses. Through its banking and asset-management businesses, Ping An offers deposits, lending, wealth-management services, securities-related products and investment solutions.

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