Tencent (OTCMKTS:TCEHY) Trading Down 4.1% – Should You Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY) shares were down 4.1% during mid-day trading on Tuesday . The stock traded as low as $52.83 and last traded at $53.05. Approximately 2,411,790 shares were traded during trading, a decline of 8% from the average daily volume of 2,625,500 shares. The stock had previously closed at $55.30.

Wall Street Analyst Weigh In

Separately, New Street Research upgraded Tencent to a “strong-buy” rating in a report on Monday, September 9th.

Tencent Stock Performance

The company has a market capitalization of $491.64 billion, a price-to-earnings ratio of 21.39 and a beta of 0.18. The stock has a 50 day simple moving average of $53.88 and a 200 day simple moving average of $50.24. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.31.

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.