Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Large Volume Increase – Should You Buy?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) shares saw an uptick in trading volume on Thursday . 922,466 shares were traded 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.

Wall Street Analyst Weigh In

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

Ping An Insurance Co. of China Trading Down 0.3%

The firm has a market capitalization of $134.27 billion, a price-to-earnings ratio of 6.21 and a beta of 0.37. 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 firm’s 50 day moving average is $14.19 and its 200 day moving average is $15.22.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last posted its quarterly earnings results on Thursday, August 20th. The company reported $0.98 earnings per share (EPS) for the quarter. Ping An Insurance Co. of China had a return on equity of 12.93% and a net margin of 13.21%.The company had revenue of $55.38 billion for the quarter. Equities analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.55 earnings per share for the current year.

Ping An Insurance Co. of China Company Profile

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.