AIA (OTCMKTS:AAGIY) Hits New 12-Month Low – Time to Sell?

Shares of AIA (OTCMKTS:AAGIY) reached a new 52-week low during trading on Thursday. The company traded as low as $34.50 and last traded at $34.70, with a volume of 558,109 shares trading hands. The stock had previously closed at $34.90.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of AIA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, AIA currently has an average rating of “Hold”.

AIA Stock Performance

The stock has a 50 day moving average price of $37.95 and a 200 day moving average price of $40.04.

AIA Company Profile

AIA Group Limited is a pan-Asian life insurance group headquartered in Hong Kong. Through its subsidiaries and affiliated operations, the company provides insurance and financial protection products to individuals, families and businesses across the Asia-Pacific region.

AIA’s main offerings include life, health and accident insurance, savings and retirement products, investment-linked policies, and employee benefits. The group also provides wealth management and financial planning services through a network of agents, bancassurance relationships, digital platforms and other distribution channels.

The company traces its origins to 1919, when it was established in Shanghai.