Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Ping An Insurance (Group) Company of China Price Performance

The firm has a market cap of $101.16 billion, a price-to-earnings ratio of 6.14 and a beta of 0.32. The stock has a 50-day moving average price of $11.95 and a 200 day moving average price of $11.90.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Ping An Insurance will post 2.12 earnings per share for the current 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.