Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Large Volume Increase – Time to Buy?

Shares of Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) saw unusually-strong trading volume on Friday . Approximately 246,970 shares traded hands during mid-day trading, an increase of 31% from the previous session’s volume of 188,603 shares.The stock last traded at $17.3290 and had previously closed at $17.05.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Ping An Insurance Co. of China Trading Up 1.7%

The stock has a 50-day moving average price of $15.22 and a two-hundred day moving average price of $14.19. The stock has a market capitalization of $157.88 billion, a PE ratio of 8.14 and a beta of 0.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.49 and a current ratio of 0.48.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter. The company had revenue of $49.63 billion for the quarter. Ping An Insurance Co. of China had a net margin of 11.89% and a return on equity of 10.48%. As a group, equities analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.12 earnings per share for the current year.

Ping An Insurance Co. of China Company Profile

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.