Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Passes Below 50-Day Moving Average - What's Next?

Key Points

• Ping An Insurance Co. of China has fallen below its 50-day moving average of $14.13, trading as low as $14.05, and currently priced at $14.15.
• The company reported $0.63 earnings per share for the last quarter, with a revenue of $40.08 billion, a net margin of 10.59%, and a return on equity of 9.12%.
• Ping An recently announced a dividend of $0.219, representing a dividend yield of 424.0%, with a payout ratio of 24.04% and payment scheduled for November 3rd.

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.13 and traded as low as $14.05. Ping An Insurance Co. of China shares last traded at $14.15, with a volume of 106,219 shares changing hands.

Ping An Insurance Co. of China Price Performance

The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 0.59. The firm has a market cap of $125.83 billion, a P/E ratio of 7.55 and a beta of 0.36. The firm has a 50-day simple moving average of $14.19 and a 200-day simple moving average of $12.78.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.63 earnings per share for the quarter. The firm had revenue of $40.08 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 9.12% and a net margin of 10.59%. As a group, analysts forecast 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 company also recently announced a dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, September 12th will be paid a $0.219 dividend. The ex-dividend date is Thursday, September 11th. This represents a yield of 424.0%. Ping An Insurance Co. of China's dividend payout ratio (DPR) is 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.