Tencent (OTC:TCTZF) Trading 0.7% Higher – Time to Buy?

Tencent Holdings Limited (OTC:TCTZFGet Free Report)’s stock price rose 0.7% on Tuesday . The stock traded as high as $52.00 and last traded at $51.78. Approximately 10,170 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 23,154 shares. The stock had previously closed at $51.43.

Tencent Price Performance

The business has a fifty day simple moving average of $53.93 and a 200 day simple moving average of $49.98.

Tencent Company Profile

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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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