PICC Property and Casualty (OTCMKTS:PPCCY) Stock Price Down 3.2% – Here’s What Happened

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) shares dropped 3.2% during trading on Tuesday . The stock traded as low as $44.46 and last traded at $44.53. Approximately 5,371 shares were traded during trading, an increase of 87% from the average daily volume of 2,866 shares. The stock had previously closed at $46.00.

PICC Property and Casualty Trading Down 3.2%

The company has a fifty day simple moving average of $46.78 and a 200 day simple moving average of $51.27.

About PICC Property and Casualty

PICC Property and Casualty Company Limited (OTCMKTS: PPCCY) is a major provider of property and casualty insurance in the People’s Republic of China. A subsidiary of the state‐owned People’s Insurance Company of China Group, PICC P&C underwrites a broad range of general insurance products tailored to both individual and corporate clients. Its core offerings include motor vehicle insurance, commercial property policies, liability coverage, cargo and marine insurance, as well as specialized solutions for agriculture, credit, and guarantee risks.

In addition to its standard lines of coverage, PICC P&C has expanded into personal lines such as accident and health insurance, and it also provides reinsurance services.