Shares of Tencent Holding Ltd. (OTC:TCEHY – Get Free Report) dropped 0.3% on Thursday . The company traded as low as $60.95 and last traded at $61.25. Approximately 1,722,741 shares traded hands during trading, a decline of 67% from the average daily volume of 5,156,725 shares. The stock had previously closed at $61.43.
Tencent Trading Down 0.3 %
The firm has a fifty day simple moving average of $62.74 and a 200-day simple moving average of $56.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.29 and a quick ratio of 1.26. The firm has a market cap of $563.65 billion, a P/E ratio of 24.70 and a beta of 0.14.
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.
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