Tencent (OTCMKTS:TCEHY) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.68 and traded as high as $54.44. Tencent shares last traded at $54.11, with a volume of 725,052 shares traded.

Wall Street Analysts Forecast Growth

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

Tencent Trading Up 0.3 %

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 company has a market cap of $501.47 billion, a price-to-earnings ratio of 28.48 and a beta of 0.18. The firm has a 50-day moving average price of $52.85 and a 200 day moving average price of $50.68.

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.