Tencent (OTCMKTS:TCEHY) Trading Down 4.1% – Time to Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY)’s share price was down 4.1% during mid-day trading on Tuesday . The company traded as low as $52.83 and last traded at $53.05. Approximately 2,411,790 shares traded hands during trading, a decline of 8% from the average daily volume of 2,625,500 shares. The stock had previously closed at $55.30.

Analysts Set New Price Targets

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

Tencent Trading Down 4.1 %

The firm has a 50-day moving average of $53.88 and a 200 day moving average of $50.24. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $491.64 billion, a price-to-earnings ratio of 21.39 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.