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Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Stock Passes Below 200 Day Moving Average - Should You Sell?

Ping An Insurance (Group) Company of China logo with Finance background

Shares of Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.71 and traded as low as $11.53. Ping An Insurance (Group) Company of China shares last traded at $11.72, with a volume of 98,447 shares trading hands.

Ping An Insurance (Group) Company of China Stock Performance

The stock has a market cap of $107.26 billion, a P/E ratio of 6.51 and a beta of 0.33. The company's 50 day moving average price is $11.70 and its 200-day moving average price is $11.69.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $0.40 earnings per share (EPS) for the quarter. Ping An Insurance (Group) Company of China had a net margin of 10.66% and a return on equity of 9.32%. The firm had revenue of $35.29 billion during the quarter. On average, analysts forecast that Ping An Insurance will post 2.12 earnings per share for the current fiscal year.

Ping An Insurance (Group) Company of China Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, May 19th will be paid a $0.3797 dividend. This is a positive change from Ping An Insurance (Group) Company of China's previous dividend of $0.22. The ex-dividend date is Friday, May 16th. This represents a dividend yield of 7.71%. Ping An Insurance (Group) Company of China's dividend payout ratio is presently 42.13%.

Ping An Insurance (Group) Company of China Company Profile

(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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