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Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) shares saw unusually-high trading volume on Tuesday. Approximately 283,054 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 216,788 shares. The stock last traded at $12.45 and had previously closed at $12.45.
Analyst Ratings Changes
Separately, Zacks Research cut Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Report on Ping An Insurance Co. of China
Ping An Insurance Co. of China Price Performance
The company has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $15.29. The stock has a market cap of $114.05 billion, a price-to-earnings ratio of 5.28 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 business had revenue of $55.38 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 12.42% and a net margin of 13.21%. As a group, research analysts anticipate 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
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.
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