Zacks Investment Research upgraded shares of PING AN INS GRP/S (OTCMKTS:PNGAY) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, reports.

According to Zacks, “Ping An Insurance Company of China, Ltd. is engaged in providing products and services in insurance, banking and investment to retail customers and corporate clients. It offers life insurance; property and casualty insurance, including motor, property loss, liability, credit and trust, mortgage loan and individual car installment loan; health insurance comprising accident, committed governmental health insurance management, health consulting, and reinsurance; and annuity products, such as commercial supplementary pension and short-term group insurance. The company also provides trust services; products and services for investment banking, fixed earnings, assets management, securities trading, brokerage, research, and derivate products; and financial futures’ business and commodity futures’ brokerages, as well as asset hedge service, futures investment consultation, and futures training. Ping An Insurance Company of China, Ltd. is headquartered in Shenzhen, the People’s Republic of China. “

Separately, ValuEngine upgraded PING AN INS GRP/S from a strong sell rating to a sell rating in a research note on Saturday, February 1st.

Shares of OTCMKTS:PNGAY traded up $0.28 during trading on Tuesday, reaching $19.64. 363,854 shares of the stock were exchanged, compared to its average volume of 291,675. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 0.53. PING AN INS GRP/S has a 12-month low of $18.11 and a 12-month high of $25.91. The firm has a market cap of $177.00 billion, a price-to-earnings ratio of 10.79 and a beta of 1.34. The firm’s 50-day moving average price is $22.00 and its 200 day moving average price is $23.25.


Ping An Insurance (Group) Company of China, Ltd. provides various financial products and services focusing on insurance, banking, asset management, and fintech and healthtech businesses in China. The company's Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers.

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