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

Tencent Holdings Limited (OTCMKTS:TCEHY)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $50.45 and traded as high as $52.35. Tencent shares last traded at $51.52, with a volume of 1,915,215 shares.

Wall Street Analyst Weigh In

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

Tencent Stock Performance

The firm has a fifty day moving average price of $52.83 and a two-hundred day moving average price of $50.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33. The stock has a market capitalization of $506.75 billion, a PE ratio of 28.78 and a beta of 0.18.

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.