Ping An Insurance Co. of China (OTCMKTS:PNGAY) Hits New 52-Week High – Still a Buy?

by · The Markets Daily

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report)’s share price hit a new 52-week high on Monday . The stock traded as high as $16.80 and last traded at $16.77, with a volume of 592076 shares. The stock had previously closed at $16.13.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Ping An Insurance Co. of China presently has a consensus rating of “Strong Buy”.

Read Our Latest Report on Ping An Insurance Co. of China

Ping An Insurance Co. of China Stock Performance

The company has a market capitalization of $152.69 billion, a P/E ratio of 7.87 and a beta of 0.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.49 and a current ratio of 0.48. The business’s fifty day simple moving average is $14.65 and its 200-day simple moving average is $13.90.

Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share 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 firm had revenue of $49.63 billion during the quarter. As a group, equities analysts anticipate that Ping An Insurance Co. of China Ltd. will post 2.12 earnings per share for the current fiscal year.

About Ping An Insurance Co. of China

(Get Free Report)

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.

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