Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.43 and traded as low as $14.43. Ping An Insurance Co. of China shares last traded at $14.55, with a volume of 143,945 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Ping An Insurance Co. of China presently has an average rating of “Hold”.

Ping An Insurance Co. of China Stock Up 0.8%

The stock has a fifty day moving average price of $15.70 and a 200 day moving average price of $16.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $132.99 billion, a P/E ratio of 7.24 and a beta of 0.32.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. Ping An Insurance Co. of China had a return on equity of 10.91% and a net margin of 11.80%.The firm had revenue of $34.43 billion during the quarter. On average, research analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.33 earnings per share for the current year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.