Tencent Music Entertainment Group ADR (NYSE:TME) currently has a daily average trading volume of 6.68M but it saw 4568116 shares traded in last market. With a market cap of 15.00B USD, the company’s current market price of $21.44 came rising about 0.70 while comparing to the previous closing price of $21.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.56 and as low as $9.41. In the recent trading on the day, stock has struck highest price mark of $21.11 while lowest mark touched by it was $21.64.
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 5.36% up while it is 16.40% when we observe its performance for the past one month. Year-to-date it is 41.71% up and over the past year, the stock is showing an upside performance of 88.90%.
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 76.76% 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 25.37 while having a 24.98 of forward P/E ratio. Stock’s beta reads 0.48. Stock has a price to book (P/B) ratio of 2.91 while price to sale or P/S ratio amounts to 3.74. Its return on asset (ROA) is 10.74% on average.
