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

Tencent Holdings Limited (OTCMKTS:TCEHY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.92 and traded as high as $52.41. Tencent shares last traded at $52.21, with a volume of 1,946,458 shares traded.

Wall Street Analyst Weigh In

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

Tencent Trading Down 1.3 %

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 stock has a market capitalization of $484.49 billion, a PE ratio of 23.62 and a beta of 0.18. The stock has a 50-day moving average price of $52.39 and a two-hundred day moving average price of $48.92.

Tencent (OTCMKTS:TCEHY) last posted its quarterly earnings data on Wednesday, August 14th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Tencent had a return on equity of 19.06% and a net margin of 24.22%. The firm had revenue of $22.25 billion for the quarter. As a group, equities analysts forecast that Tencent Holdings Limited will post 2.74 earnings per share for the current year.

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.