Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Shares Cross Above 50-Day Moving Average of $9.34

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAYGet Free Report)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.34 and traded as high as $10.48. Ping An Insurance (Group) Company of China shares last traded at $10.41, with a volume of 91,450 shares.

Ping An Insurance (Group) Company of China Price Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $95.15 billion, a P/E ratio of 7.95 and a beta of 0.44. The business has a 50 day simple moving average of $9.34 and a two-hundred day simple moving average of $9.02.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAYGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.57 EPS for the quarter. The business had revenue of $38.53 billion during the quarter. Ping An Insurance (Group) Company of China had a net margin of 8.22% and a return on equity of 6.80%. On average, sell-side analysts expect that Ping An Insurance will post 1.83 EPS for the current fiscal year.

Ping An Insurance (Group) Company of China Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, August 5th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.3532 per share. The ex-dividend date is Tuesday, June 11th. This is a positive change from Ping An Insurance (Group) Company of China’s previous dividend of $0.21. Ping An Insurance (Group) Company of China’s payout ratio is 44.27%.

About Ping An Insurance (Group) Company of China

(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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