Tencent (OTCMKTS:TCEHY) Shares Pass Above 200-Day Moving Average – Time to Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $50.87 and traded as high as $53.40. Tencent shares last traded at $53.17, with a volume of 1,647,639 shares.

Analyst Ratings Changes

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

Tencent Stock Down 0.1 %

The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $52.71 and its 200-day simple moving average is $50.91. The company has a market cap of $492.76 billion, a PE ratio of 27.98 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.