Tencent Holdings Limited (OTCMKTS:TCEHY – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.71 and traded as high as $48.06. Tencent shares last traded at $47.55, with a volume of 1,634,580 shares traded.
Tencent Price Performance
The company has a market cap of $445.51 billion, a PE ratio of 24.93 and a beta of 0.22. The firm’s 50-day moving average is $47.62 and its 200-day moving average is $40.82. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.31.
Tencent (OTCMKTS:TCEHY – Get Free Report) last announced its earnings results on Tuesday, May 14th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. Tencent had a return on equity of 17.34% and a net margin of 21.20%. The firm had revenue of $22.28 billion during the quarter. On average, equities analysts anticipate that Tencent Holdings Limited will post 2.62 EPS for the current year.
Tencent Increases Dividend
About Tencent
Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.
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