-company-of-china-ltd-logo-1200x675.png?v=20240221105647){kind=logo}
Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.
Ping An Insurance Co. of China Trading Up 0.1%
OTCMKTS PNGAY opened at $13.46 on Wednesday. The company has a market capitalization of $123.07 billion, a PE ratio of 7.96 and a beta of 0.33. The company has a fifty day moving average of $13.43 and a 200 day moving average of $15.06. Ping An Insurance Co. of China has a 1 year low of $12.03 and a 1 year high of $18.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.46 and a quick ratio of 0.47.
Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $25.55 billion for the quarter. Ping An Insurance Co. of China had a return on equity of 8.10% and a net margin of 9.67%. Research analysts forecast that Ping An Insurance Co. of China will post 2.19 earnings per share for the current year.
About Ping An Insurance Co. of China
Ping An Insurance (Group) Company of China Ltd. is a China-based integrated financial services group founded in 1988 and headquartered in Shenzhen. The company provides insurance, banking, investment and technology-related services through a range of subsidiaries and business units.
Its insurance operations include life and health insurance, property and casualty insurance, annuities and related financial protection products. Ping An also offers banking services, asset management and investment products, as well as healthcare and automotive-related services supported by its technology platforms.
Ping An primarily serves customers in mainland China through digital channels and an extensive network of agents, branches and service providers.
Recommended Stories
- Five stocks we like better than Ping An Insurance Co. of China
- GE Aerospace Has a $170 Billion Backlog, But Is the Stock Worth the Premium?
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
Receive News & Ratings for Ping An Insurance Co. of China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ping An Insurance Co. of China and related companies with MarketBeat.com's FREE daily email newsletter.
