Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.46 and traded as high as $12.39. Ping An Insurance (Group) Company of China shares last traded at $12.26, with a volume of 344,544 shares traded.

Ping An Insurance (Group) Company of China Trading Up 4.6 %

The stock has a 50 day moving average of $10.55 and a 200 day moving average of $9.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.50 and a quick ratio of 0.51. The firm has a market cap of $119.74 billion, a P/E ratio of 9.23 and a beta of 0.44.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 EPS for the quarter. The firm had revenue of $38.42 billion for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 7.25% and a net margin of 8.70%. As a group, equities research analysts predict that Ping An Insurance will post 1.93 EPS for the current year.

Ping An Insurance (Group) Company of China Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, September 5th will be paid a $0.215 dividend. The ex-dividend date is Thursday, September 5th. Ping An Insurance (Group) Company of China’s dividend payout ratio (DPR) is 30.94%.

About Ping An Insurance (Group) Company 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.