Ping An Insurance Co. of China (OTCMKTS:PNGAY) Posts Quarterly Earnings Results

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $33.66 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 10.48% and a net margin of 11.89%.Ping An Insurance Co. of China Price PerformanceOTCMKTS PNGAY traded up $0.55 on Friday, reaching $14.93. The company had a trading volume of 44,556 shares, compared to its average volume of 169,480. The firm has a market cap of $136.44 billion, a price-to-earnings ratio of 7.01 and a beta of 0.24. Ping An Insurance Co. of China has a fifty-two week low of $9.90 and a fifty-two week high of $18.92. The business has a 50 day moving average of $17.24 and a two-hundred day moving average of $15.90. Analyst Ratings ChangesSeparately, Zacks Research lowered shares of Ping An Insurance Co. of China from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Ping An Insurance Co. of China currently has a consensus rating of "Hold".Read Our Latest Stock Report on PNGAYPing An Insurance Co. of China Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Ping An Insurance Co. of ChinaThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ping An Insurance Co. of China Right Now?Before you consider Ping An Insurance Co. of China, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ping An Insurance Co. of China wasn't on the list.While Ping An Insurance Co. of China currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here