Ping An Insurance Co. of China (OTCMKTS:PNGAY) Reaches New 52-Week Low – Should You Sell?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY)’s share price hit a new 52-week low on Tuesday. The stock traded as low as $12.40 and last traded at $12.68, with a volume of 294,641 shares. The stock had previously closed at $12.75.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Ping An Insurance Co. of China Trading Down 0.5%

The company has a market cap of $115.90 billion, a price-to-earnings ratio of 4.87 and a beta of 0.33. The firm has a 50 day moving average price of $13.82 and a two-hundred day moving average price of $14.54. The company has a quick ratio of 0.47, a current ratio of 0.46 and a debt-to-equity ratio of 0.49.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its quarterly earnings data 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 12.42% and a net margin of 13.21%. The company had revenue of $55.38 billion during the quarter. As a group, 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 (Group) Company of China Ltd. is a China-based integrated financial services group founded in 1988 and headquartered in Shenzhen. The company provides insurance, banking, investment and technology-related services through a range of subsidiaries and business units.

Its insurance operations include life and health insurance, property and casualty insurance, annuities and related financial protection products. Ping An also offers banking services, asset management and investment products, as well as healthcare and automotive-related services supported by its technology platforms.

Ping An primarily serves customers in mainland China through digital channels and an extensive network of agents, branches and service providers.