Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.79 and traded as low as $15.25. Ping An Insurance Co. of China shares last traded at $15.41, with a volume of 163,001 shares changing hands.
Analyst Ratings Changes
Separately, Zacks Research raised Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Stock Analysis on Ping An Insurance Co. of China
Ping An Insurance Co. of China Trading Up 0.9%
Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $34.43 billion for the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%. On average, equities analysts predict that Ping An Insurance Co. of China Ltd. will post 2.33 earnings per share for the current 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.
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