Jefferies Financial Group Downgrades Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) to Hold

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Briefing.com reports.

Ping An Insurance (Group) Company of China Trading Down 0.2 %

Shares of PNGAY stock opened at $12.81 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. Ping An Insurance has a twelve month low of $7.60 and a twelve month high of $15.80. The company’s 50-day moving average price is $10.63 and its 200-day moving average price is $9.77. The stock has a market cap of $117.08 billion, a price-to-earnings ratio of 9.78 and a beta of 0.44.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last posted its earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. Ping An Insurance (Group) Company of China had a net margin of 8.70% and a return on equity of 7.25%. The company had revenue of $38.42 billion for the quarter. As a group, equities analysts predict that Ping An Insurance will post 1.93 earnings per share for the current year.

About Ping An Insurance (Group) Company of China

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.