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Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, Zacks reports. The company had revenue of $25.55 billion for the quarter. Ping An Insurance Co. of China had a net margin of 9.67% and a return on equity of 8.10%.
Ping An Insurance Co. of China Stock Performance
Shares of Ping An Insurance Co. of China stock traded up $0.50 on Friday, hitting $12.80. The stock had a trading volume of 4,302 shares, compared to its average volume of 222,535. Ping An Insurance Co. of China has a 52-week low of $12.03 and a 52-week high of $18.92. The company has a current ratio of 0.46, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The stock has a market cap of $116.99 billion, a price-to-earnings ratio of 8.92 and a beta of 0.33. The company’s 50 day moving average price is $13.56 and its 200 day moving average price is $15.18.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut 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 research analyst has rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold”.
Read Our Latest Research Report on PNGAY
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.
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