Ping An Insurance Co. of China (OTCMKTS:PNGAY) Hits New 52-Week Low – Here’s Why

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report)’s share price reached a new 52-week low during trading on Monday. The company traded as low as $12.30 and last traded at $12.41, with a volume of 792,320 shares. The stock had previously closed at $12.57.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on Ping An Insurance Co. of China

Ping An Insurance Co. of China Stock Performance

The company has a quick ratio of 0.47, a current ratio of 0.46 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $13.69 and a 200 day moving average of $14.46. The stock has a market capitalization of $113.34 billion, a P/E ratio of 5.24 and a beta of 0.33.

Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last announced its quarterly 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 return on equity of 12.42% and a net margin of 13.21%. Research analysts anticipate 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

(Get Free Report)

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.

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