Tencent Music Entertainment Group ADR (NYSE:TME) currently has a daily average trading volume of 7.85M but it saw 7809830 shares traded in last market. With a market cap of 13.17B USD, the company’s current market price of $18.82 came rising about 1.29 while comparing to the previous closing price of $18.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $19.40 and as low as $9.41. In the recent trading on the day, stock has struck highest price mark of $18.6 while lowest mark touched by it was $19.31.
Barclays issued its recommendations for the stock as it initiated the price target for the stock is $16.
Over the week, TME’s stock price is moving 5.85% up while it is 28.11% when we observe its performance for the past one month. Year-to-date it is 65.81% up and over the past year, the stock is showing an upside performance of 32.16%.
Currently, Tencent Music Entertainment Group ADR’s total number of outstanding shares is 699.71M with 0.00% of that held by the insiders while 77.09% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 12.38% and return on equity (ROE) at 14.37%. It has a price to earnings ratio (P/E ratio) of 22.27 while having a 22.05 of forward P/E ratio. Stock’s beta reads 0.51. Stock has a price to book (P/B) ratio of 2.55 while price to sale or P/S ratio amounts to 3.28. Its return on asset (ROA) is 10.74% on average.
