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

Shares of Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.09 and traded as high as $14.52. Ping An Insurance Co. of China shares last traded at $14.40, with a volume of 164,327 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Ping An Insurance Co. of China has a consensus rating of “Strong Buy”.

Ping An Insurance Co. of China Trading Up 0.3%

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 $133.35 billion, a price-to-earnings ratio of 6.17 and a beta of 0.35. The business has a 50 day simple moving average of $14.11 and a 200-day simple moving average of $15.27.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings results on Thursday, August 20th. The company reported $0.98 EPS for the quarter. Ping An Insurance Co. of China had a return on equity of 12.93% and a net margin of 13.21%.The company had revenue of $55.38 billion for the quarter. As a group, equities analysts expect that Ping An Insurance Co. of China Ltd. will post 2.55 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.