Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.28 and traded as high as $14.77. Ping An Insurance Co. of China shares last traded at $14.73, with a volume of 121,624 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Ping An Insurance Co. of China Stock Down 0.4%

The company’s 50-day simple moving average is $14.30 and its 200 day simple moving average is $13.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.49. The firm has a market cap of $133.30 billion, a P/E ratio of 6.87 and a beta of 0.35.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter. Ping An Insurance Co. of China had a net margin of 11.89% and a return on equity of 10.60%. The firm had revenue of $49.63 billion during the quarter. Research analysts anticipate that Ping An Insurance Co. of China Ltd. will post 2.12 EPS for the current fiscal year.

Ping An Insurance Co. of China Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, November 3rd. Investors of record on Friday, September 12th were issued a dividend of $0.219 per share. This represents a yield of 424.0%. The ex-dividend date was Thursday, September 11th. Ping An Insurance Co. of China’s dividend payout ratio is presently 20.66%.

About Ping An Insurance Co. 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.