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

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.85 and traded as low as $10.93. Ping An Insurance (Group) Company of China shares last traded at $11.03, with a volume of 213,404 shares trading hands.

Wall Street Analysts Forecast Growth

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

Ping An Insurance (Group) Company of China Price Performance

The company has a market capitalization of $100.82 billion, a P/E ratio of 6.09 and a beta of 0.41. The company’s 50-day simple moving average is $11.85 and its 200 day simple moving average is $10.71. The company has a quick ratio of 0.51, a current ratio of 0.16 and a debt-to-equity ratio of 0.67.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.69 earnings per share for the quarter. The company had revenue of $42.97 billion during the quarter. Ping An Insurance (Group) Company of China had a return on equity of 9.32% and a net margin of 10.66%. As a group, sell-side analysts expect that Ping An Insurance will post 2.08 earnings per share for the current fiscal year.

About Ping An Insurance (Group) Company of China

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.