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

Ping An Insurance Co. of China logo with Finance background

Key Points

  • Ping An Insurance Co. of China (OTCMKTS:PNGAY) recently crossed above its 50-day moving average of $13.93, trading as high as $14.36.
  • The company reported $0.63 earnings per share for the last quarter, with a revenue of $40.08 billion and a net margin of 10.59%.
  • Ping An Insurance has announced a dividend of $0.219 per share, with a yield of 424.0%, set to be paid on November 3rd.
  • Five stocks we like better than Ping An Insurance Co. of China.

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.93 and traded as high as $14.36. Ping An Insurance Co. of China shares last traded at $14.33, with a volume of 123,560 shares traded.

Ping An Insurance Co. of China Price Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.49 and a current ratio of 0.47. The company has a market capitalization of $132.75 billion, a PE ratio of 7.97 and a beta of 0.36. The company's 50-day simple moving average is $14.07 and its 200-day simple moving average is $12.70.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $40.08 billion for the quarter. As a group, sell-side analysts anticipate that Ping An Insurance Co. of China Ltd. will post 2.12 earnings per share for the current year.

Ping An Insurance Co. of China Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, September 12th will be issued a $0.219 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a dividend yield of 424.0%. Ping An Insurance Co. of China's payout ratio is presently 23.50%.

About Ping An Insurance Co. of China

(Get Free Report)

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.

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