Tencent (OTCMKTS:TCEHY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Tencent Holdings Limited (OTCMKTS:TCEHY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $52.71 and traded as high as $64.39. Tencent shares last traded at $63.94, with a volume of 4,780,926 shares traded.

Tencent Stock Up 2.5 %

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 stock’s 50-day simple moving average is $54.14 and its 200-day simple moving average is $52.71. The firm has a market capitalization of $586.89 billion, a P/E ratio of 33.65 and a beta of 0.16.

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.