Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.71 and traded as low as $11.53. Ping An Insurance (Group) Company of China shares last traded at $11.72, with a volume of 98,447 shares changing hands.

Ping An Insurance (Group) Company of China Stock Up 0.1%

The firm has a 50 day moving average price of $11.73 and a two-hundred day moving average price of $11.71. The company has a market capitalization of $106.71 billion, a price-to-earnings ratio of 6.48 and a beta of 0.33.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $35.29 billion for the quarter. Ping An Insurance (Group) Company of China had a net margin of 10.66% and a return on equity of 9.32%. Analysts predict that Ping An Insurance will post 2.12 earnings per share for the current year.

Ping An Insurance (Group) Company of China Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.3797 per share. This represents a dividend yield of 7.71%. This is a boost from Ping An Insurance (Group) Company of China’s previous dividend of $0.22. The ex-dividend date is Friday, May 16th. Ping An Insurance (Group) Company of China’s dividend payout ratio is 42.13%.

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.