Ping An Insurance Co. of China (OTCMKTS:PNGAY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Ping An Insurance Co. of China (OTCMKTS:PNGAY) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks reports.

Ping An Insurance Co. of China Price Performance

Shares of OTCMKTS PNGAY traded up $0.05 during trading on Wednesday, hitting $13.54. 206,796 shares of the company were exchanged, compared to its average volume of 418,884. The company has a market cap of $123.76 billion, a price-to-earnings ratio of 9.44 and a beta of 0.33. Ping An Insurance Co. of China has a 1 year low of $12.03 and a 1 year high of $18.92. The firm’s fifty day moving average price is $13.41 and its 200 day moving average price is $15.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.46 and a quick ratio of 0.47.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.06 earnings per share for the quarter. Ping An Insurance Co. of China had a net margin of 9.67% and a return on equity of 8.10%. The business had revenue of $25.55 billion for the quarter. On average, sell-side analysts expect that Ping An Insurance Co. of China will post 2.19 earnings per share for the current fiscal year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance (Group) Company of China, Ltd. is a diversified financial services group founded in Shenzhen in 1988. Its businesses include life and health insurance, property and casualty insurance, banking, securities, and asset management.

The company also provides healthcare and technology-related services, including digital platforms that connect customers with financial and medical services. Its operations are centered in mainland China, with additional business in markets such as Hong Kong.

Ping An serves individuals and businesses through a mix of traditional financial products and digital channels.