Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.95 and traded as high as $14.18. Ping An Insurance Co. of China shares last traded at $14.14, with a volume of 155,842 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ping An Insurance Co. of China presently has a consensus rating of “Hold”.

Ping An Insurance Co. of China Price Performance

The stock’s fifty day moving average price is $14.13 and its 200-day moving average price is $12.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.49. The firm has a market cap of $128.75 billion, a price-to-earnings ratio of 7.73 and a beta of 0.34.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.63 earnings per share (EPS) for the quarter. Ping An Insurance Co. of China had a net margin of 10.59% and a return on equity of 9.12%. The business had revenue of $40.08 billion for the quarter. Equities research analysts predict that Ping An Insurance Co. of China Ltd. will post 2.12 EPS for the current fiscal year.

Ping An Insurance Co. of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, September 12th will be paid a $0.219 dividend. This represents a yield of 424.0%. The ex-dividend date is Thursday, September 11th. Ping An Insurance Co. of China’s dividend payout ratio is currently 24.04%.

Ping An Insurance Co. of China Company Profile

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.