Tencent (OTCMKTS:TCEHY) Reaches New 1-Year High – Should You Buy?

Tencent Holdings Limited (OTCMKTS:TCEHY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $64.90 and last traded at $64.45, with a volume of 8847846 shares traded. The stock had previously closed at $61.53.

Tencent Stock Performance

The stock’s fifty day moving average price is $52.53 and its two-hundred day moving average price is $51.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.35. The company has a market cap of $594.56 billion, a P/E ratio of 33.92 and a beta of 0.16.

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.