Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Gets Downgrade from 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 report issued on Wednesday, Zacks reports.

Ping An Insurance Co. of China Stock Performance

OTCMKTS:PNGAY opened at $13.46 on Wednesday. Ping An Insurance Co. of China has a 12-month low of $12.03 and a 12-month high of $18.92. The company has a quick ratio of 0.47, a current ratio of 0.46 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $123.07 billion, a PE ratio of 9.38 and a beta of 0.33. The firm has a 50-day moving average price of $13.43 and a 200 day moving average price of $15.06.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.06 EPS for the quarter. The firm had revenue of $25.55 billion during the quarter. Ping An Insurance Co. of China had a net margin of 9.67% and a return on equity of 8.10%. Research analysts anticipate that Ping An Insurance Co. of China will post 2.19 earnings per share 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.