Tencent Holding Ltd. (OTC:TCEHY – Get Free Report)’s stock price fell 0.9% during trading on Wednesday . The company traded as low as $63.90 and last traded at $64.02. 1,278,871 shares were traded during mid-day trading, a decline of 74% from the average session volume of 4,864,585 shares. The stock had previously closed at $64.58.
Tencent Trading Down 6.8 %
The company has a 50 day moving average price of $62.04 and a 200 day moving average price of $56.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.26 and a current ratio of 1.29. The firm has a market cap of $551.00 billion, a price-to-earnings ratio of 24.16 and a beta of 0.14.
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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