Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Shares Cross Below Fifty Day Moving Average – What’s Next?

Shares of Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

Analysts Set New Price Targets

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

Ping An Insurance (Group) Company of China Stock Performance

The stock has a fifty day simple moving average of $11.85 and a 200-day simple moving average of $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. The company has a market capitalization of $100.82 billion, a P/E ratio of 6.09 and a beta of 0.41.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last released its quarterly earnings results on Monday, October 21st. The company reported $0.69 EPS for the quarter. The firm had revenue of $42.97 billion for the quarter. Ping An Insurance (Group) Company of China had a net margin of 10.66% and a return on equity of 9.32%. Equities analysts forecast that Ping An Insurance will post 2.08 EPS 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.