Ping An Insurance Co. of China (OTCMKTS:PNGAY) Hits New 1-Year Low – Here’s Why

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) shares hit a new 52-week low during trading on Monday. The company traded as low as $12.30 and last traded at $12.41, with a volume of 792,320 shares traded. The stock had previously closed at $12.57.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Ping An Insurance Co. of China Stock Performance

The business has a 50 day moving average of $13.62 and a 200 day moving average of $15.23.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.98 EPS for the quarter. The business had revenue of $55.38 billion during the quarter. On average, equities analysts anticipate that Ping An Insurance Co. of China Ltd. will post 2.34 EPS for the current 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.