Ping An Insurance Co. of China (OTCMKTS:PNGAY) Shares Gap Down – Should You Sell?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) gapped down before the market opened on Friday. The stock had previously closed at $13.64, but opened at $13.25. Ping An Insurance Co. of China shares last traded at $13.5061, with a volume of 6,188 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research cut Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Ping An Insurance Co. of China Stock Down 0.7%

The stock’s 50-day moving average price is $14.29 and its two-hundred day moving average price is $14.83. The stock has a market capitalization of $123.76 billion, a PE ratio of 5.73 and a beta of 0.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 0.93.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its quarterly earnings results on Thursday, August 20th. The company reported $0.98 earnings per share (EPS) for the quarter. Ping An Insurance Co. of China had a net margin of 13.21% and a return on equity of 12.93%. The company had revenue of $55.38 billion during the quarter. As a group, analysts expect 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 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.