Tencent Holding Ltd. (OTC:TCEHY – Get Free Report) traded up 6.5% during trading on Wednesday . The company traded as high as $67.70 and last traded at $67.55. 7,491,641 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 4,894,268 shares. The stock had previously closed at $63.40.
Tencent Stock Up 6.5 %
The company has a debt-to-equity ratio of 0.28, a current ratio of 1.29 and a quick ratio of 1.26. The company’s fifty day moving average price is $54.81. The firm has a market capitalization of $619.98 billion, a price-to-earnings ratio of 27.24 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.
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