Tencent (OTCMKTS:TCEHY) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $55.05 and traded as high as $65.98. Tencent shares last traded at $65.35, with a volume of 2,027,274 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays restated an “overweight” rating on shares of Tencent in a research note on Thursday, March 20th.

Tencent Price Performance

The stock’s 50-day moving average is $59.67 and its 200 day moving average is $55.17. 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 capitalization of $596.16 billion, a PE ratio of 34.18 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.