Ping An Insurance Co. of China (OTCMKTS:PNGAY) Reaches New 52-Week High – Here’s Why

Shares of Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) hit a new 52-week high during trading on Monday . The stock traded as high as $16.00 and last traded at $15.84, with a volume of 2860 shares trading hands. The stock had previously closed at $15.51.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Ping An Insurance Co. of China presently has an average rating of “Strong Buy”.

Ping An Insurance Co. of China Stock Down 1.6%

The stock has a market cap of $141.27 billion, a PE ratio of 7.28 and a beta of 0.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.48 and a quick ratio of 0.49. The company has a 50 day moving average price of $14.51 and a two-hundred day moving average price of $13.81.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter. Ping An Insurance Co. of China had a return on equity of 10.48% and a net margin of 11.89%.The company had revenue of $49.63 billion for the quarter. Analysts expect that Ping An Insurance Co. of China Ltd. will post 2.12 EPS for the current year.

About Ping An Insurance Co. of China

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.