NetEase (NASDAQ:NTES) stock was up 1.27% yesterday – trading at USD 237.75. The stock is trading 14.9% higher than its 50 day moving average of USD 206.82. The price to earnings ratio is at 22.73 and price to balance ratio at 6.27.
NetEase is a leading China-based IT company that develops and operates some of China’s most popular online PC and mobile games. They are also the largest provider of free e-mail services in China, with 840 million registered users as of December 2015.
Online games bring over 70 percent of their revenue. NetEase has been very successful in expanding their gaming business to mobiles. Mobile gaming is growing very fast and already today generates over 50 percent of their online gaming revenue.
Solid momentum in mobile games, have brought solid momentum in stock performance, which has more than doubled during the last two years.
This NetEase information is courtesy of a premium China stock portfolios – created by WealthyTec – and offered through the Flioz mobile app for iOS.