Ping An Insurance Co. of China (OTCMKTS:PNGAY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.22 and traded as high as $15.55. Ping An Insurance Co. of China shares last traded at $15.15, with a volume of 110,931 shares.

Analyst Upgrades and Downgrades

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

Ping An Insurance Co. of China Stock Down 0.5%

The company has a market cap of $135.48 billion, a P/E ratio of 6.99 and a beta of 0.35. The stock has a 50-day moving average of $14.23 and a 200 day moving average of $13.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.49.

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

Ping An Insurance Co. of China Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, September 12th were given 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 payout ratio is currently 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.