Ping An Insurance Co. of China (OTCMKTS:PNGAY) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Ping An Insurance Co. of China (OTCMKTS:PNGAY – Free Report) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks reports.

Ping An Insurance Co. of China Stock Performance

PNGAY stock opened at $13.85 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The firm has a market cap of $126.59 billion, a PE ratio of 5.86 and a beta of 0.37. The business has a 50 day moving average of $14.31 and a 200-day moving average of $14.87. Ping An Insurance Co. of China has a 12-month low of $12.84 and a 12-month high of $18.92.

Get Ping An Insurance Co. of China alerts:

Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.98 earnings per share for the quarter. Ping An Insurance Co. of China had a return on equity of 12.93% and a net margin of 13.21%.The business had revenue of $55.38 billion for the quarter. As a group, sell-side analysts expect that Ping An Insurance Co. of China will post 2.55 earnings per share for the current 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 headquartered in Shenzhen, China. Founded in 1988, the company has developed from an insurance provider into an integrated financial services and technology group serving individuals, businesses and institutional customers.

Its core businesses include life and health insurance, property and casualty insurance, banking, asset management and trust services. Through its insurance operations, Ping An offers products such as life, medical, accident, auto and commercial coverage.

Further Reading

• Five stocks we like better than Ping An Insurance Co. of China
• Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure
• Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
• AMD Chips Away at NVIDIA’s AI Throne
• Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?

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.