Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Strong Trading Volume – Here’s What Happened

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw an uptick in trading volume on Tuesday . 539,331 shares changed hands during trading, an increase of 156% from the previous session’s volume of 210,495 shares.The stock last traded at $17.8550 and had previously closed at $17.8170.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Ping An Insurance Co. of China has an average rating of “Hold”.

Ping An Insurance Co. of China Stock Performance

The stock has a fifty day moving average price of $15.98 and a 200-day moving average price of $14.66. The firm has a market cap of $163.15 billion, a PE ratio of 8.38 and a beta of 0.24.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion during the quarter. Ping An Insurance Co. of China had a net margin of 11.89% and a return on equity of 10.48%. As a group, equities analysts predict that Ping An Insurance Co. of China Ltd. will post 2.12 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.