Ping An Insurance Co. of China (OTCMKTS:PNGAY) Releases Quarterly Earnings Results

Ping An Insurance Co. of China (OTCMKTS:PNGAY) announced its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, Zacks reports.

Ping An Insurance Co. of China Trading Down 0.9%

Ping An Insurance Co. of China stock traded down $0.11 during midday trading on Wednesday, reaching $12.36. The stock had a trading volume of 320,303 shares, compared to its average volume of 219,386. The firm’s 50-day moving average price is $13.62 and its 200 day moving average price is $15.23. Ping An Insurance Co. of China has a 12 month low of $12.03 and a 12 month high of $18.92.

Analyst Upgrades and Downgrades

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

About Ping An Insurance Co. of China

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.