Tencent Music Entertainment Group ADR (NYSE:TME) shares traded 5.20% higher at $13.14 on Wall Street last session.
TME stock price is now -0.42% away from the 50-day moving average and 7.72% away from the 200-day moving average. The market capitalization of the company currently stands at $9.19B.
, 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 0.86% 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 0.09, a current ratio of 2.09, and a quick ratio of 2.09. According to the stock market information, the enterprise value for the company is $18958983168, which is based on a 22.25 price-to-earnings ratio, a 1.21 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for TME is $13.1818 and a two-hundred day moving average price translates $12.205 for the stock.
The latest earnings results from Tencent Music Entertainment Group ADR (NYSE: TME) was released for 2024-12-31. The net profit margin was 23.39% and return on equity was 10.75% for TME. The company reported revenue of $985.0 million for the quarter, compared to $1.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.99 percent.
