Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Stock Passes Above Fifty Day Moving Average – Here’s Why

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.30 and traded as high as $12.64. Ping An Insurance (Group) Company of China shares last traded at $12.32, with a volume of 323,360 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded Ping An Insurance (Group) Company of China from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd.

Ping An Insurance (Group) Company of China Stock Performance

The business’s fifty day moving average price is $11.30 and its 200 day moving average price is $10.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.50 and a quick ratio of 0.51.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 EPS for the quarter. Ping An Insurance (Group) Company of China had a net margin of 10.66% and a return on equity of 9.38%. The company had revenue of $38.42 billion for the quarter. As a group, equities research analysts expect that Ping An Insurance will post 2.08 EPS for the current fiscal year.

Ping An Insurance (Group) Company of China Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, September 5th were paid a $0.215 dividend. The ex-dividend date was Thursday, September 5th. Ping An Insurance (Group) Company of China’s dividend payout ratio (DPR) is currently 23.76%.

Ping An Insurance (Group) Company 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.