Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Large Volume Increase – Here’s Why

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw unusually-high trading volume on Friday . Approximately 145,928 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 171,392 shares.The stock last traded at $14.59 and had previously closed at $14.62.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Ping An Insurance Co. of China currently has an average rating of “Hold”.

Ping An Insurance Co. of China Trading Down 0.1%

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50 day moving average is $15.66 and its 200 day moving average is $16.42. The company has a market capitalization of $133.54 billion, a PE ratio of 7.27 and a beta of 0.32.

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 company had revenue of $34.43 billion for the quarter. As a group, equities analysts predict that Ping An Insurance Co. of China Ltd. will post 2.33 EPS for the current year.

About Ping An Insurance Co. of China

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.