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

Key Points

• Ping An Insurance Co. of China’s stock price fell below its 50-day moving average, closing at $13.32, which may raise concerns for investors regarding its performance.
• The company reported quarterly earnings of $0.63 per share and had a revenue of $40.08 billion, with analysts predicting an EPS of 2.12 for the current year.
• Ping An has announced a dividend of $0.219 per share with a payout ratio of 23.50%, despite recent stock declines.

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.19 and traded as low as $13.32. Ping An Insurance Co. of China shares last traded at $13.32, with a volume of 162,186 shares trading hands.

Ping An Insurance Co. of China Stock Down 0.7%

The company's 50 day moving average price is $14.19 and its two-hundred day moving average price is $12.80. The company has a quick ratio of 0.49, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $121.28 billion, a P/E ratio of 7.28 and a beta of 0.36.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.63 earnings per share 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 firm had revenue of $40.08 billion during the quarter. As a group, research analysts expect 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 business also recently announced a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, September 12th will be issued a dividend of $0.219 per share. 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 is currently 23.50%.

About Ping An Insurance Co. of China

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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