Tencent (OTCMKTS:TCEHY) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Tencent Holdings Limited (OTCMKTS:TCEHY)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $55.05 and traded as high as $65.98. Tencent shares last traded at $65.35, with a volume of 2,027,274 shares changing hands.

Analyst Ratings Changes

Separately, Barclays reissued an “overweight” rating on shares of Tencent in a research report on Thursday, March 20th.

Tencent Stock Up 0.2 %

The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $596.16 billion, a PE ratio of 34.18 and a beta of 0.16. The business has a fifty day moving average of $59.67 and a 200 day moving average of $55.17.

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.