Ping An Insurance Co. of China (OTCMKTS:PNGAY) Shares Pass Above 50 Day Moving Average - Here's Why

Key Points

• Ping An Insurance Co. of China shares recently crossed above their 50-day moving average of $12.94, reaching a high of $13.94 during trading.
• The company announced a substantial dividend increase to $0.3797, representing a dividend yield of 771.0%, with a payout ratio of 43.26%.
• Ping An Insurance has a market capitalization of $126.47 billion and a PE ratio of 7.80.

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - ) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.94 and traded as high as $13.94. Ping An Insurance Co. of China shares last traded at $13.89, with a volume of 99,097 shares.

Ping An Insurance Co. of China Price Performance

The company has a market capitalization of $126.47 billion, a PE ratio of 7.80 and a beta of 0.35. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $12.94 and a 200-day simple moving average of $12.16.

Ping An Insurance Co. of China Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, July 10th. Stockholders of record on Monday, May 19th were issued a $0.3797 dividend. This represents a dividend yield of 771.0%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Ping An Insurance Co. of China's previous dividend of $0.22. Ping An Insurance Co. of China's dividend payout ratio (DPR) is presently 43.26%.

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.

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