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

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAYGet Free Report) shares saw strong trading volume on Thursday . 922,466 shares traded hands during mid-day trading, an increase of 377% from the previous session’s volume of 193,349 shares.The stock last traded at $14.62 and had previously closed at $14.54.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Ping An Insurance Co. of China currently has an average rating of “Strong Buy”.

View Our Latest Analysis on Ping An Insurance Co. of China

Ping An Insurance Co. of China Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s fifty day moving average is $14.13 and its 200-day moving average is $15.24. The stock has a market capitalization of $134.27 billion, a P/E ratio of 6.21 and a beta of 0.37.

Ping An Insurance Co. of China (OTCMKTS:PNGAYGet Free Report) last issued its earnings results on Thursday, August 20th. The company reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $55.38 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 12.93% and a net margin of 13.21%. On average, equities analysts anticipate that Ping An Insurance Co. of China Ltd. will post 2.55 earnings per share for the current year.

About Ping An Insurance Co. of China

(Get Free Report)

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.

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