Ping An Insurance Co. of China (OTCMKTS:PNGAY) Shares Gap Down – Should You Sell?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) gapped down prior to trading on Monday . The stock had previously closed at $15.45, but opened at $14.76. Ping An Insurance Co. of China shares last traded at $15.0937, with a volume of 15,947 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Ping An Insurance Co. of China Stock Performance

The company has a market cap of $138.02 billion, a price-to-earnings ratio of 7.09 and a beta of 0.24. The business has a fifty day moving average price of $17.36 and a 200 day moving average price of $15.91.

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.