Ping An Insurance Co. of China (OTCMKTS:PNGAY) Hits New 1-Year Low – Here’s Why

Shares of Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) hit a new 52-week low during trading on Wednesday. The stock traded as low as $12.80 and last traded at $12.8270, with a volume of 26,527 shares changing hands. The stock had previously closed at $13.11.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, Ping An Insurance Co. of China has an average rating of “Hold”.

Ping An Insurance Co. of China Stock Up 0.6%

The firm has a market cap of $117.82 billion, a PE ratio of 4.89 and a beta of 0.33. The company has a current ratio of 0.46, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $13.89 and a 200-day moving average price of $14.58.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its earnings results on Thursday, August 20th. The company reported $0.98 earnings per share for the quarter. The firm had revenue of $55.38 billion for the quarter. Ping An Insurance Co. of China had a net margin of 13.21% and a return on equity of 12.42%. Research analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.55 EPS 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 1988 and headquartered in Shenzhen, China. The company operates through an integrated model that combines insurance, banking, investment and technology-related services.

Its insurance operations provide life and health insurance, property and casualty coverage, automobile insurance, and other protection and savings products for individuals and businesses. Through its banking and asset-management businesses, Ping An offers deposits, lending, wealth-management services, securities-related products and investment solutions.