Ping An Insurance (Group) Company of China (OTCMKTS:PIAIF) Trading 7.8% Higher – Time to Buy?

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF)’s share price traded up 7.8% during trading on Thursday . The stock traded as high as $7.77 and last traded at $7.77. 6,178 shares were traded during mid-day trading, a decline of 57% from the average session volume of 14,306 shares. The stock had previously closed at $7.21.

Ping An Insurance (Group) Company of China Price Performance

The company has a 50-day simple moving average of $7.93 and a 200 day simple moving average of $8.27.

Ping An Insurance (Group) Company of China Company Profile

Ping An Insurance (Group) Company of China is one of the largest integrated financial services providers in China, headquartered in Shenzhen. Established in 1988, Ping An has grown into a diversified conglomerate, offering a broad range of insurance, banking, asset management and technology-driven financial services. The company is publicly traded on the Hong Kong and Shanghai stock exchanges, and its American depositary receipts are quoted over the counter under the ticker PIAIF.

At the core of Ping An’s operations is its insurance business, which encompasses life insurance, property and casualty insurance, health insurance and pension products.