Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.17 and traded as low as $13.59. Ping An Insurance Co. of China shares last traded at $13.59, with a volume of 107,268 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Ping An Insurance Co. of China from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".
Read Our Latest Research Report on Ping An Insurance Co. of China
Ping An Insurance Co. of China Stock Down 0.4%
The firm has a market cap of $123.74 billion, a P/E ratio of 7.43 and a beta of 0.34. The stock's 50 day simple moving average is $14.17 and its 200 day simple moving average is $12.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.49 and a current ratio of 0.47.
Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.63 EPS for the quarter. The business had revenue of $40.08 billion during the quarter. Ping An Insurance Co. of China had a net margin of 10.59% and a return on equity of 9.12%. Research analysts anticipate that Ping An Insurance Co. of China Ltd. will post 2.12 EPS for the current year.
Ping An Insurance Co. of China Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, September 12th will be paid a dividend of $0.219 per share. This represents a yield of 424.0%. The ex-dividend date is Thursday, September 11th. Ping An Insurance Co. of China's payout ratio is 24.04%.
About Ping An Insurance Co. of China
(
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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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