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Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) shares passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $13.34 and traded as low as $13.26. Ping An Insurance Co. of China shares last traded at $13.26, with a volume of 498,760 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered shares of Ping An Insurance Co. of China from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.
Get Our Latest Analysis on PNGAY
Ping An Insurance Co. of China Trading Down 1.0%
The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 0.46. The stock has a market capitalization of $121.20 billion, a PE ratio of 9.24 and a beta of 0.33. The stock has a 50-day moving average price of $13.34 and a two-hundred day moving average price of $14.98.
Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.06 earnings per share (EPS) for the quarter. Ping An Insurance Co. of China had a net margin of 9.67% and a return on equity of 8.10%. The company had revenue of $25.55 billion during the quarter. As a group, equities analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.19 earnings per share for the current year.
About Ping An Insurance Co. of China
Ping An Insurance (Group) Company of China, Ltd. is a diversified financial services group founded in Shenzhen in 1988. Its businesses include life and health insurance, property and casualty insurance, banking, securities, and asset management. The company also provides healthcare and technology-related services, including digital platforms that connect customers with financial and medical services. Its operations are centered in mainland China, with additional business in markets such as Hong Kong.
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