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

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) shares saw an uptick in trading volume on Friday . Approximately 723,191 shares were traded during trading, an increase of 271% from the previous session’s volume of 194,761 shares.The stock last traded at $14.54 and had previously closed at $14.45.

Analyst Ratings Changes

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

Ping An Insurance Co. of China Trading Up 1.2%

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $14.35 and a 200-day simple moving average of $15.96. The company has a market cap of $133.72 billion, a PE ratio of 7.27 and a beta of 0.35.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%.The business had revenue of $34.43 billion during the quarter. On average, analysts predict that Ping An Insurance Co. of China Ltd. will post 2.34 EPS 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.