Tencent (OTCMKTS:TCEHY) Hits New 52-Week High – Still a Buy?

Tencent Holdings Limited (OTCMKTS:TCEHYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $70.00 and last traded at $69.79, with a volume of 7001171 shares. The stock had previously closed at $68.05.

Tencent Stock Up 2.6 %

The stock has a fifty day moving average price of $57.01 and a 200-day moving average price of $54.22. The firm has a market cap of $640.59 billion, a PE ratio of 36.73 and a beta of 0.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.35.

Tencent Company Profile

(Get Free Report)

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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