Tencent (OTCMKTS:TCEHY) Share Price Crosses Above 200 Day Moving Average of $40.71

Tencent Holdings Limited (OTCMKTS:TCEHY)’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) 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

The company also recently disclosed an annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, May 20th were given a dividend of $0.3839 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a yield of 0.88%. This is a positive change from Tencent’s previous annual dividend of $0.10. Tencent’s dividend payout ratio (DPR) is currently 20.00%.

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.