Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Stock Passes Above 50 Day Moving Average – Time to Sell?

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.93 and traded as high as $12.38. Ping An Insurance (Group) Company of China shares last traded at $12.18, with a volume of 89,044 shares traded.

Ping An Insurance (Group) Company of China Trading Down 8.1 %

The firm’s fifty day simple moving average is $11.95 and its two-hundred day simple moving average is $11.90. The company has a market capitalization of $101.16 billion, a price-to-earnings ratio of 6.14 and a beta of 0.32.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $38.87 billion during the quarter. Ping An Insurance (Group) Company of China had a net margin of 10.66% and a return on equity of 9.32%. As a group, analysts forecast that Ping An Insurance will post 2.12 EPS for the current fiscal 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.