Ping An Insurance Co. of China (OTCMKTS:PNGAY) Hits New 52-Week High – What’s Next?
by Kim Johansen · The Markets DailyPing An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $18.80 and last traded at $18.80, with a volume of 16671 shares traded. The stock had previously closed at $18.23.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ping An Insurance Co. of China has a consensus rating of “Hold”.
View Our Latest Stock Report on Ping An Insurance Co. of China
Ping An Insurance Co. of China Stock Performance
The firm has a market capitalization of $172.57 billion, a PE ratio of 8.86 and a beta of 0.23. The business’s fifty day simple moving average is $17.26 and its 200-day simple moving average is $15.35.
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.