Ping An Insurance Co. of China (OTCMKTS:PNGAY) Hits New 12-Month Low – Here’s What Happened

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY)’s share price reached a new 52-week low on Wednesday. The company traded as low as $12.80 and last traded at $12.8270, with a volume of 26,527 shares traded. The stock had previously closed at $13.11.

Analysts Set New Price Targets

Separately, Zacks Research cut Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.

Ping An Insurance Co. of China Price Performance

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 company’s 50 day moving average price is $13.96 and its 200 day moving average price is $14.60. The company has a market cap of $117.08 billion, a price-to-earnings ratio of 5.42 and a beta of 0.33.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $55.38 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 12.42% and a net margin of 13.21%. Equities research analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.55 earnings per share for the current year.

About Ping An Insurance Co. of China

Ping An Insurance (Group) Company of China, Ltd. is a diversified financial services group founded in 1988 and headquartered in Shenzhen, China. The company operates through an integrated model that combines insurance, banking, investment and technology-related services.

Its insurance operations provide life and health insurance, property and casualty coverage, automobile insurance, and other protection and savings products for individuals and businesses. Through its banking and asset-management businesses, Ping An offers deposits, lending, wealth-management services, securities-related products and investment solutions.