Tencent Holding Ltd. (OTC:TCEHY – Get Free Report)’s share price shot up 6.5% during mid-day trading on Wednesday . The company traded as high as $67.70 and last traded at $67.55. 7,491,641 shares were traded during mid-day trading, an increase of 53% from the average session volume of 4,894,268 shares. The stock had previously closed at $63.40.
Tencent Stock Up 6.5 %
The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $619.98 billion, a PE ratio of 27.24 and a beta of 0.16. The stock’s fifty day simple moving average is $54.81.
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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