Ping An Insurance Co. of China (OTCMKTS:PNGAY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

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 Monday. The stock has a 50 day moving average of $13.99 and traded as low as $13.15. Ping An Insurance Co. of China shares last traded at $13.22, with a volume of 217,692 shares changing hands.

Wall Street Analysts Forecast Growth

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

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Ping An Insurance Co. of China Price Performance

The firm has a 50 day moving average price of $13.92 and a two-hundred day moving average price of $14.59. The company has a market cap of $117.08 billion, a P/E ratio of 5.42 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.

Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $55.38 billion for 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, analysts predict that Ping An Insurance Co. of China Ltd. will post 2.55 EPS for the current fiscal year.

Ping An Insurance Co. of China Company Profile

(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.

Further Reading

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