Ping An Insurance Co. of China (OTCMKTS:PNGAY) Announces Earnings Results

Ping An Insurance Co. of China (OTCMKTS:PNGAY) released its quarterly earnings data on Tuesday. The company reported $0.62 earnings per share for the quarter, Zacks reports. The firm had revenue of $34.43 billion for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 9.87%.

Ping An Insurance Co. of China Stock Performance

PNGAY traded up $0.22 during midday trading on Thursday, reaching $16.25. The company had a trading volume of 12,763 shares, compared to its average volume of 171,403. Ping An Insurance Co. of China has a 12-month low of $11.50 and a 12-month high of $18.92. The business has a 50-day moving average price of $16.11 and a two-hundred day moving average price of $16.21. The stock has a market cap of $148.57 billion, a PE ratio of 7.93 and a beta of 0.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 0.93.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Ping An Insurance Co. of China from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Ping An Insurance Co. of China

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.