Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAYGet Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.79 and traded as low as $15.25. Ping An Insurance Co. of China shares last traded at $15.41, with a volume of 163,001 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Ping An Insurance Co. of China from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Read Our Latest Analysis on Ping An Insurance Co. of China

Ping An Insurance Co. of China Trading Down 1.0%

The company has a fifty day simple moving average of $15.79 and a 200-day simple moving average of $16.45. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $140.85 billion, a PE ratio of 7.66 and a beta of 0.35.

Ping An Insurance Co. of China (OTCMKTS:PNGAYGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. The company had revenue of $34.43 billion for the quarter. Analysts predict that Ping An Insurance Co. of China Ltd. will post 2.33 EPS for the current year.

Ping An Insurance Co. of China Company Profile

(Get Free Report)

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.

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