Ping An Insurance Co. of China (OTCMKTS:PNGAY) Cut to “Strong Sell” at Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

Ping An Insurance Co. of China Stock Performance

OTCMKTS PNGAY opened at $13.46 on Wednesday. The stock has a market capitalization of $123.07 billion, a price-to-earnings ratio of 7.96 and a beta of 0.33. The stock has a 50-day moving average of $13.43 and a 200 day moving average of $15.06. The company has a current ratio of 0.46, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. Ping An Insurance Co. of China has a twelve month low of $12.03 and a twelve month high of $18.92.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.06 EPS for the quarter. The company had revenue of $25.55 billion for the quarter. Ping An Insurance Co. of China had a return on equity of 8.10% and a net margin of 9.67%. Sell-side analysts anticipate that Ping An Insurance Co. of China will post 2.19 EPS for the current fiscal year.

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.