Ping An Insurance (Group) Company of China (OTCMKTS:PIAIF) Shares Up 2% – Still a Buy?

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF) shares shot up 2% on Wednesday . The stock traded as high as $9.68 and last traded at $9.68. 801 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 32,352 shares. The stock had previously closed at $9.49.

Ping An Insurance (Group) Company of China Trading Up 2.0%

The firm has a fifty day simple moving average of $8.68 and a 200 day simple moving average of $7.62.

About Ping An Insurance (Group) Company of China

Ping An Insurance (Group) Company of China is one of the largest integrated financial services providers in China, headquartered in Shenzhen. Established in 1988, Ping An has grown into a diversified conglomerate, offering a broad range of insurance, banking, asset management and technology-driven financial services. The company is publicly traded on the Hong Kong and Shanghai stock exchanges, and its American depositary receipts are quoted over the counter under the ticker PIAIF.

At the core of Ping An’s operations is its insurance business, which encompasses life insurance, property and casualty insurance, health insurance and pension products.