Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sees Unusually-High Trading Volume – What’s Next?

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.

Analysts Set New Price Targets

Separately, Zacks Research raised Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Ping An Insurance Co. of China presently has a consensus rating of “Strong Buy”.

Ping An Insurance Co. of China Price Performance

The stock has a market cap of $157.70 billion, a P/E ratio of 8.13 and a beta of 0.26. The business has a 50-day simple moving average of $15.28 and a 200 day simple moving average of $14.24. The company has a current ratio of 0.48, a quick ratio of 0.49 and a debt-to-equity ratio of 0.67.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter. Ping An Insurance Co. of China had a return on equity of 10.48% and a net margin of 11.89%.The company had revenue of $49.63 billion for the quarter. On average, 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.