Tencent (OTCMKTS:TCEHY) Hits New 1-Year High - Here's What Happened

Key Points

• Tencent's stock reached a new 52-week high of $82.95 during trading, closing at $82.84 with a trading volume of 71,660 shares.
• The company has a market capitalization of $761.12 billion and a price-to-earnings ratio of 26.85, indicating strong financial health.
• Tencent provides a range of services including online advertising, fintech, and digital content, positioning it as a key player in the tech industry both in China and internationally.

Tencent Holding Ltd. (OTCMKTS:TCEHY - )'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $82.95 and last traded at $82.84, with a volume of 71660 shares traded. The stock had previously closed at $82.30.

Tencent Trading Up 0.8%

The stock has a market cap of $761.12 billion, a price-to-earnings ratio of 26.85 and a beta of 0.11. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average of $72.54 and a 200-day moving average of $66.80.

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.

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