Tencent (OTCMKTS:TCEHY) Shares Pass Above 200-Day Moving Average – Should You Sell?

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 $51.22 and traded as high as $54.20. Tencent shares last traded at $54.00, with a volume of 3,392,213 shares changing hands.

Tencent Price Performance

The stock has a fifty day moving average price of $51.82 and a 200-day moving average price of $51.29. The firm has a market capitalization of $507.01 billion, a PE ratio of 28.93 and a beta of 0.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.35.

Tencent Company Profile

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.