Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) reached a new 52-week low on Tuesday. The company traded as low as $12.40 and last traded at $12.68, with a volume of 294,641 shares changing hands. The stock had previously closed at $12.75.
Analyst Ratings Changes
Separately, Zacks Research downgraded Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Ping An Insurance Co. of China currently has an average rating of “Hold”.
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Ping An Insurance Co. of China Stock Performance
The company has a quick ratio of 0.47, a current ratio of 0.46 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $114.89 billion, a P/E ratio of 4.83 and a beta of 0.33. The company’s 50 day moving average is $13.76 and its 200-day moving average is $14.50.
Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.98 earnings per share for the quarter. Ping An Insurance Co. of China had a net margin of 13.21% and a return on equity of 12.42%. The firm had revenue of $55.38 billion during the quarter. As a group, equities analysts anticipate that Ping An Insurance Co. of China Ltd. will post 2.55 EPS for the current year.
About Ping An Insurance Co. of China
Ping An Insurance (Group) Company of China Ltd. is a China-based integrated financial services group founded in 1988 and headquartered in Shenzhen. The company provides insurance, banking, investment and technology-related services through a range of subsidiaries and business units.
Its insurance operations include life and health insurance, property and casualty insurance, annuities and related financial protection products. Ping An also offers banking services, asset management and investment products, as well as healthcare and automotive-related services supported by its technology platforms.
Ping An primarily serves customers in mainland China through digital channels and an extensive network of agents, branches and service providers.
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