Ping An Insurance Co. of China (OTCMKTS:PNGAY) Shares Cross Above 50-Day Moving Average – Time to Sell?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY – Get Free Report)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.05 and traded as high as $14.49. Ping An Insurance Co. of China shares last traded at $14.31, with a volume of 150,319 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

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Ping An Insurance Co. of China Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $130.80 billion, a price-to-earnings ratio of 7.12 and a beta of 0.35. The stock’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $15.48.

About Ping An Insurance Co. of China

(Get Free Report)

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.

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