Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Strong Trading Volume – Should You Buy?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw unusually-strong trading volume on Friday . 426,324 shares traded hands during trading, an increase of 120% from the previous session’s volume of 193,370 shares.The stock last traded at $14.83 and had previously closed at $15.13.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ping An Insurance Co. of China presently has a consensus rating of “Hold”.

Ping An Insurance Co. of China Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $135.73 billion, a PE ratio of 7.38 and a beta of 0.35. The firm’s 50-day simple moving average is $14.25 and its 200-day simple moving average is $15.84.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. The business had revenue of $34.43 billion for the quarter. On average, research analysts predict that Ping An Insurance Co. of China Ltd. will post 2.34 earnings per share 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.