Tencent (OTCMKTS:TCEHY) Reaches New 12-Month High - What's Next?

Key Points

• Tencent Holdings Ltd. shares reached a new 52-week high, trading at $87.29, marking a significant increase from the previous close of $86.51.
• The company's current market capitalization stands at $801.96 billion, with a price-to-earnings ratio of 28.33 and a low beta of 0.12, indicating lower volatility.
• Tencent's diverse services include value-added services, online advertising, fintech, and various consumer offerings such as instant messaging, online games, and mobile payment solutions.

Tencent Holding Ltd. (OTCMKTS:TCEHY - )'s share price hit a new 52-week high on Monday . The stock traded as high as $87.29 and last traded at $87.08, with a volume of 152952 shares trading hands. The stock had previously closed at $86.51.

Tencent Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.25 and a current ratio of 1.25. The firm's 50-day moving average price is $77.91 and its two-hundred day moving average price is $68.62. The firm has a market capitalization of $801.96 billion, a price-to-earnings ratio of 28.33 and a beta of 0.12.

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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