Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Strong Trading Volume – Should You Buy?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) shares saw unusually-high trading volume on Friday . Approximately 145,928 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 171,392 shares.The stock last traded at $14.59 and had previously closed at $14.62.

Analyst Ratings Changes

Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Ping An Insurance Co. of China currently has a consensus rating of “Hold”.

Ping An Insurance Co. of China Price Performance

The stock has a market cap of $134.18 billion, a P/E ratio of 7.30 and a beta of 0.32. The company has a 50 day simple moving average of $15.68 and a 200 day simple moving average of $16.43. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. The firm had revenue of $34.43 billion for the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%. Sell-side analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.33 earnings per share for the current fiscal year.

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.