Tencent (OTCMKTS:TCEHY) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Tencent Holdings Limited (OTCMKTS:TCEHY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $51.00 and traded as high as $53.15. Tencent shares last traded at $52.64, with a volume of 5,552,966 shares.

Tencent Stock Performance

The firm’s 50 day simple moving average is $51.46 and its 200 day simple moving average is $51.00. The firm has a market cap of $485.61 billion, a PE ratio of 27.71 and a beta of 0.16. The company has a current ratio of 1.35, a quick ratio of 1.33 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.