Tencent (OTCMKTS:TCEHY) Stock Passes Above Two Hundred Day Moving Average of $44.47

Tencent Holdings Limited (OTCMKTS:TCEHY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $44.47 and traded as high as $47.84. Tencent shares last traded at $47.20, with a volume of 1,253,144 shares trading hands.

Tencent Price Performance

The business has a fifty day moving average of $47.60 and a 200-day moving average of $44.53. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.31. The firm has a market cap of $441.91 billion, a PE ratio of 24.84 and a beta of 0.18.

Tencent (OTCMKTS:TCEHY) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Tencent had a net margin of 24.22% and a return on equity of 19.30%. The firm had revenue of $22.25 billion for the quarter. As a group, research analysts predict that Tencent Holdings Limited will post 2.74 earnings per share for the current year.

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.