Tencent (OTCMKTS:TCEHY) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Tencent Holdings Ltd. shares have crossed above their 200-day moving average, signaling a potential shift in market momentum.
• The stock was trading at $87.33, which is above the 200-day moving average of $68.77 and has seen a recent increase of 0.9%.
• Tencent has a market capitalization of $800.17 billion and a relatively low debt-to-equity ratio of 0.27, indicating strong financial health.

Tencent Holding Ltd. (OTCMKTS:TCEHY - )'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.77 and traded as high as $87.68. Tencent shares last traded at $87.33, with a volume of 1,175,217 shares changing hands.

Tencent Stock Up 0.9%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.25 and a quick ratio of 1.25. The stock's fifty day simple moving average is $78.25 and its 200-day simple moving average is $68.77. The stock has a market cap of $800.17 billion, a P/E ratio of 28.26 and a beta of 0.12.

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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