Tencent (OTCMKTS:TCEHY) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Tencent Holdings Limited's stock price recently crossed above its 200-day moving average of $67.56, trading as high as $83.06 before closing at $82.75.
• The company's market capitalization is approximately $759.19 billion, with a P/E ratio of 26.78 and a low beta of 0.11, indicating lower volatility compared to the market.
• Tencent offers a range of services including value-added services, online advertising, and fintech, highlighting its diverse business model across various sectors both domestically and internationally.

Tencent Holding Ltd. (OTCMKTS:TCEHY - ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $67.56 and traded as high as $83.06. Tencent shares last traded at $82.75, with a volume of 1,552,860 shares traded.

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 stock has a market cap of $759.19 billion, a P/E ratio of 26.78 and a beta of 0.11. The firm's 50 day moving average is $74.91 and its 200 day moving average is $67.56.

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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