Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Unusually-High Trading Volume – Here’s What Happened

by · The Markets Daily

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 469,825 shares changed hands during mid-day trading, an increase of 141% from the previous session’s volume of 195,308 shares.The stock last traded at $14.14 and had previously closed at $14.10.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

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

Ping An Insurance Co. of China Stock Up 0.7%

The company has a market capitalization of $129.79 billion, a price-to-earnings ratio of 7.06 and a beta of 0.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50 day moving average is $14.12 and its 200 day moving average is $15.67.

About Ping An Insurance Co. of China

(Get Free Report)

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.

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