Tencent (OTCMKTS:TCEHY) Shares Pass Above 200 Day Moving Average of $41.05

Tencent Holdings Limited (OTCMKTS:TCEHYGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.05 and traded as high as $48.48. Tencent shares last traded at $48.44, with a volume of 1,440,215 shares traded.

Tencent Trading Down 0.7 %

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.31. The company has a market cap of $455.70 billion, a P/E ratio of 25.49 and a beta of 0.19. The stock’s 50 day moving average is $48.06 and its 200-day moving average is $41.05.

Tencent (OTCMKTS:TCEHYGet Free Report) last posted its earnings results on Tuesday, May 14th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $22.28 billion for the quarter. Tencent had a net margin of 21.20% and a return on equity of 17.34%. Research analysts anticipate that Tencent Holdings Limited will post 2.62 earnings per share for the current fiscal year.

Tencent Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, May 20th were paid a dividend of $0.3839 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a yield of 0.88%. This is a boost from Tencent’s previous annual dividend of $0.10. Tencent’s dividend payout ratio is currently 20.00%.

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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