Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Large Volume Increase – What’s Next?

Shares of Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw an uptick in trading volume on Tuesday. Approximately 283,054 shares changed hands during trading, an increase of 31% from the average daily volume of 216,788 shares. The stock last traded at $12.45 and had previously closed at $12.45.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of 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. Based on data from MarketBeat, the company has an average rating of “Hold”.

Ping An Insurance Co. of China Stock Up 0.2%

The firm has a market cap of $114.05 billion, a price-to-earnings ratio of 5.28 and a beta of 0.33. 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 50-day moving average of $13.68 and a 200-day moving average of $15.29.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.98 EPS for the quarter. Ping An Insurance Co. of China had a return on equity of 12.42% and a net margin of 13.21%. The firm had revenue of $55.38 billion during the quarter. As a group, sell-side analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.55 EPS for the current fiscal year.

About Ping An Insurance Co. of China

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.