Ping An Insurance (Group) Company of China (OTCMKTS:HKXCY) dropped 1.8% during trading on Friday . The stock traded as low as $33.91 and last traded at $34.49, approximately 28,175 shares changed hands during mid-day trading. A decline of 8% from the average daily volume of 30,460 shares. The stock had previously closed at $35.13.
HKXCY has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on Ping An Insurance (Group) Company of China in a research note on Wednesday, October 9th. They issued an “overweight” rating on the stock. Goldman Sachs Group initiated coverage on Ping An Insurance (Group) Company of China in a research note on Friday, October 11th. They issued a “neutral” rating on the stock.
The stock’s 50 day moving average is $33.59.
Ping An Insurance (Group) Company of China Company Profile (OTCMKTS:HKXCY)
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong. It operates in five segments: Cash, Equity and Financial Derivatives, Commodities, Clearing, and Platform and Infrastructure. The Cash segment covers various equity products traded on the cash market platforms, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange; sale of market data relating to the products; and other related activities.
Further Reading: How Do You Calculate Return on Equity (ROE)?
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