Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.43 and traded as low as $14.43. Ping An Insurance Co. of China shares last traded at $14.55, with a volume of 143,945 shares traded.
Analyst Ratings Changes
Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Report on Ping An Insurance Co. of China
Ping An Insurance Co. of China Trading Down 0.1%
Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.62 earnings per share for the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%.The business had revenue of $34.43 billion during the quarter. Equities analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.33 EPS for the current year.
Ping An Insurance Co. of China Company Profile
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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