In Wednesday’s Wall Street session, Tencent Music Entertainment Group ADR (NYSE:TME) shares traded at $16.99, up 15.66% from the previous session.
TME stock price is now 25.34% away from the 50-day moving average and 39.85% away from the 200-day moving average. The market capitalization of the company currently stands at $11.89B.
, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, PAN TSAI-CHUN, Officer bought 1,036,363 shares of the company’s stock on Mar 31 ’25. The stock was bought for $14,874,752 at an average price of $14.35. A total of 0.67% of the company’s stock is owned by insiders.
During the past 12 months, Tencent Music Entertainment Group ADR has had a low of $9.41 and a high of $15.77. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.83, and a quick ratio of 1.83. According to the stock market information, the enterprise value for the company is $33242331136, which is based on a 20.10 price-to-earnings ratio, a 1.09 price-to-earnings-growth ratio, and a beta of 0.44. The fifty day moving average price for TME is $13.5546 and a two-hundred day moving average price translates $12.1485 for the stock.
The latest earnings results from Tencent Music Entertainment Group ADR (NYSE: TME) was released for 2025-03-31. The net profit margin was 32.75% and return on equity was 14.37% for TME. The company reported revenue of $1.01 billion for the quarter, compared to $900.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.67 percent.
