Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Ping An Insurance Co. of China (OTCMKTS:PNGAY) from a hold rating to a strong sell rating in a report issued on Wednesday morning,Zacks reports.

Ping An Insurance Co. of China Price Performance

Ping An Insurance Co. of China stock opened at $13.46 on Wednesday. The firm has a market capitalization of $123.07 billion, a PE ratio of 9.38 and a beta of 0.33. Ping An Insurance Co. of China has a 52 week low of $12.03 and a 52 week high of $18.92. The firm’s 50-day simple moving average is $13.43 and its 200 day simple moving average is $15.06. The company has a quick ratio of 0.47, a current ratio of 0.46 and a debt-to-equity ratio of 0.49.

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