Tencent (OTCMKTS:TCEHY) Share Price Crosses Above 200 Day Moving Average of $42.76

Tencent Holdings Limited (OTCMKTS:TCEHY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.76 and traded as high as $48.00. Tencent shares last traded at $47.76, with a volume of 2,524,671 shares.

Tencent Trading Down 0.4 %

The stock’s fifty day simple moving average is $47.68 and its 200 day simple moving average is $42.85. The firm has a market capitalization of $445.19 billion, a PE ratio of 25.03 and a beta of 0.19. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.31.

Tencent (OTCMKTS:TCEHY) last issued its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Tencent had a return on equity of 17.34% and a net margin of 21.20%. The business had revenue of $22.28 billion during the quarter. On average, sell-side analysts predict that Tencent Holdings Limited will post 2.62 earnings per share for the current year.

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.