Tencent Holding Ltd. (OTC:TCEHY – Get Free Report) dropped 0.9% during trading on Wednesday . The company traded as low as $63.90 and last traded at $64.02. Approximately 1,278,871 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 4,864,585 shares. The stock had previously closed at $64.58.
Tencent Trading Down 0.9 %
The firm has a market cap of $587.63 billion, a price-to-earnings ratio of 25.81 and a beta of 0.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.29 and a quick ratio of 1.26. The business has a 50 day moving average of $61.55.
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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