Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAYGet Free Report)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.83 and traded as high as $12.09. Ping An Insurance Co. of China shares last traded at $11.95, with a volume of 111,387 shares changing hands.

Ping An Insurance Co. of China Price Performance

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $108.81 billion, a PE ratio of 6.71 and a beta of 0.33. The company has a fifty day moving average price of $11.83 and a two-hundred day moving average price of $11.72.

Ping An Insurance Co. of China (OTCMKTS:PNGAYGet Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.40 EPS for the quarter. The firm had revenue of $35.29 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 9.02% and a net margin of 10.42%. Sell-side analysts forecast 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 Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.3797 per share. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Ping An Insurance Co. of China’s previous dividend of $0.22. This represents a yield of 7.71%. Ping An Insurance Co. of China’s dividend payout ratio is currently 42.70%.

Ping An Insurance Co. of China Company Profile

(Get Free Report)

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.

Further Reading

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