Ping An Insurance Co. of China (OTCMKTS:PNGAY) Share Price Breaks Below 50-Day Moving Average – What’s Next?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report)’s share price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $14.18 and traded as low as $13.25. Ping An Insurance Co. of China shares last traded at $13.32, with a volume of 471,420 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Ping An Insurance Co. of China has an average rating of “Hold”.

Check Out Our Latest Analysis on PNGAY

Ping An Insurance Co. of China Trading Down 1.0%

The firm has a market cap of $121.75 billion, a price-to-earnings ratio of 5.63 and a beta of 0.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 0.46. The company has a 50 day moving average price of $14.18 and a 200 day moving average price of $14.73.

Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.98 earnings per share (EPS) for the quarter. The firm had revenue of $55.38 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 12.42% and a net margin of 13.21%. On average, research analysts expect that Ping An Insurance Co. of China Ltd. will post 2.55 earnings per share for the current year.

About Ping An Insurance Co. of China

(Get Free Report)

Ping An Insurance (Group) Company of China, Ltd. is a diversified financial services group founded in 1988 and headquartered in Shenzhen, China. The company operates through an integrated model that combines insurance, banking, investment and technology-related services.

Its insurance operations provide life and health insurance, property and casualty coverage, automobile insurance, and other protection and savings products for individuals and businesses. Through its banking and asset-management businesses, Ping An offers deposits, lending, wealth-management services, securities-related products and investment solutions.

Recommended Stories

Receive News & Ratings for Ping An Insurance Co. of China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ping An Insurance Co. of China and related companies with MarketBeat.com's FREE daily email newsletter.