Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Large Volume Increase – Here’s What Happened

Shares of Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw an uptick in trading volume on Friday . Approximately 426,324 shares were traded during mid-day trading, an increase of 120% from the previous session’s volume of 193,370 shares.The stock last traded at $14.83 and had previously closed at $15.13.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Ping An Insurance Co. of China Stock Down 1.5%

The company has a market cap of $136.28 billion, a PE ratio of 7.41 and a beta of 0.35. The company has a fifty day moving average of $14.24 and a two-hundred day moving average of $15.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 0.93.

About Ping An Insurance Co. of China

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.