Tencent (OTCMKTS:TCEHY) Shares Pass Above Two Hundred Day Moving Average of $44.47

Tencent Holdings Limited (OTCMKTS:TCEHY)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.47 and traded as high as $47.84. Tencent shares last traded at $47.20, with a volume of 1,253,144 shares trading hands.

Tencent Stock Down 1.3 %

The company has a market capitalization of $441.91 billion, a P/E ratio of 24.84 and a beta of 0.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50 day moving average price of $47.60 and a 200 day moving average price of $44.53.

Tencent (OTCMKTS:TCEHY) last issued its quarterly earnings results on Wednesday, August 14th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Tencent had a net margin of 24.22% and a return on equity of 19.30%. The company had revenue of $22.25 billion during the quarter. Equities research analysts forecast that Tencent Holdings Limited will post 2.74 earnings per share for the current fiscal 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.