Tencent (OTCMKTS:TCEHY) Share Price Crosses Above Two Hundred Day Moving Average of $43.88

Tencent Holdings Limited (OTCMKTS:TCEHY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.88 and traded as high as $48.68. Tencent shares last traded at $48.53, with a volume of 2,258,218 shares trading hands.

Tencent Stock Performance

The business has a fifty day moving average of $47.67 and a 200 day moving average of $43.88. The company has a market cap of $452.35 billion, a P/E ratio of 25.54 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 data on Wednesday, August 14th. The technology company reported $0.73 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 business had revenue of $22.25 billion during the quarter. On average, equities analysts predict that Tencent Holdings Limited will post 2.74 EPS for the current year.

About Tencent

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.