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Tencent (OTC:TCEHY) Trading 0.2% Higher - Time to Buy?

Tencent logo with Computer and Technology background

Tencent Holding Ltd. (OTC:TCEHY - Get Free Report) traded up 0.2% during mid-day trading on Monday . The stock traded as high as $66.27 and last traded at $66.13. 1,801,292 shares traded hands during trading, a decline of 58% from the average session volume of 4,299,898 shares. The stock had previously closed at $66.02.

Tencent Price Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.26 and a current ratio of 1.29. The firm has a market capitalization of $595.59 billion, a P/E ratio of 26.13 and a beta of 0.11. The business has a fifty day moving average of $62.50 and a 200-day moving average of $58.93.

Tencent Company Profile

(Get Free Report)

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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