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Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Shares Cross Above 50 Day Moving Average - Here's Why

Ping An Insurance (Group) Company of China logo with Finance background

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY - Get Free Report) shares 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 Stock Down 7.5 %

The company has a market cap of $93.60 billion, a price-to-earnings ratio of 5.68 and a beta of 0.32. The company has a fifty day simple moving average of $11.93 and a two-hundred day simple moving average of $11.95.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Ping An Insurance (Group) Company of China had a net margin of 10.66% and a return on equity of 9.32%. The business had revenue of $38.87 billion for the quarter. On average, research analysts predict that Ping An Insurance will post 2.12 EPS for the current year.

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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