Ping An Insurance Co. of China (OTCMKTS:PNGAY) Rating Lowered to “Hold” at Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Ping An Insurance Co. of China Stock Performance

OTCMKTS:PNGAY opened at $13.85 on Monday. The stock has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $14.87. Ping An Insurance Co. of China has a 52-week low of $12.84 and a 52-week high of $18.92. 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 firm has a market capitalization of $126.59 billion, a PE ratio of 5.86 and a beta of 0.37.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last posted its quarterly earnings data on Thursday, August 20th. The company reported $0.98 EPS for the quarter. The firm had revenue of $55.38 billion for the quarter. Ping An Insurance Co. of China had a return on equity of 12.93% and a net margin of 13.21%. Analysts forecast that Ping An Insurance Co. of China will post 2.55 EPS for the current year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance (Group) Company of China, Ltd. is a diversified financial services group headquartered in Shenzhen, China. Founded in 1988, the company has developed from an insurance provider into an integrated financial services and technology group serving individuals, businesses and institutional customers.

Its core businesses include life and health insurance, property and casualty insurance, banking, asset management and trust services. Through its insurance operations, Ping An offers products such as life, medical, accident, auto and commercial coverage.