Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Stock Price Passes Above 50-Day Moving Average of $8.70

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.70 and traded as high as $8.84. Ping An Insurance (Group) Company of China shares last traded at $8.74, with a volume of 277,131 shares trading hands.

Ping An Insurance (Group) Company of China Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market cap of $79.88 billion, a price-to-earnings ratio of 6.43 and a beta of 0.48. The business’s 50-day simple moving average is $8.70 and its two-hundred day simple moving average is $9.04.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last issued its earnings results on Thursday, March 21st. The company reported ($0.03) earnings per share for the quarter. Ping An Insurance (Group) Company of China had a net margin of 8.40% and a return on equity of 7.01%. The company had revenue of $33.22 billion during the quarter. Research analysts expect that Ping An Insurance will post 1.98 earnings per share for the current year.

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.