Tencent (OTCMKTS:TCEHY) Sets New 52-Week High - Here's What Happened

Key Points

• Tencent Holdings Ltd. reached a new 52-week high with its stock price hitting $85.35 during trading on Monday, up from a previous close of $83.39.
• The company has a market capitalization of $779.64 billion and a P/E ratio of 27.54, indicating strong market performance and valuation.
• Tencent offers a wide range of services including value-added services, online advertising, and fintech, with a focus on both domestic and international markets.

Tencent Holding Ltd. (OTCMKTS:TCEHY - )'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $85.35 and last traded at $85.25, with a volume of 401966 shares trading hands. The stock had previously closed at $83.39.

Tencent Trading Up 2.0%

The company has a market capitalization of $779.64 billion, a P/E ratio of 27.54 and a beta of 0.11. The stock's 50 day moving average is $76.23 and its 200-day moving average is $68.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.25 and a quick ratio of 1.25.

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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