Tencent (OTCMKTS:TCEHY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $50.68 and traded as high as $54.44. Tencent shares last traded at $54.11, with a volume of 725,052 shares.

Analyst Ratings Changes

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

Tencent Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.35. The stock has a market cap of $496.74 billion, a PE ratio of 28.21 and a beta of 0.18. The stock has a 50 day moving average of $52.82 and a two-hundred day moving average of $50.72.

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.