China Resources Enterprise (OTCMKTS:CRHKY) Sets New 52-Week Low – Should You Sell?

China Resources Enterprise Ltd. (OTCMKTS:CRHKYGet Free Report) reached a new 52-week low during mid-day trading on Saturday . The company traded as low as $6.03 and last traded at $6.03, with a volume of 478781 shares traded. The stock had previously closed at $6.18.

Analyst Ratings Changes

Separately, Zacks Research upgraded China Resources Enterprise to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, China Resources Enterprise presently has an average rating of “Hold”.

View Our Latest Stock Analysis on CRHKY

China Resources Enterprise Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.46. The firm has a 50-day moving average price of $6.66 and a two-hundred day moving average price of $6.81.

China Resources Enterprise Company Profile

(Get Free Report)

China Resources Enterprise Limited is a Hong Kong–based conglomerate principally engaged in consumer products distribution, retail operations and food and beverage businesses. Established in 1993 as a publicly listed arm of the state-owned China Resources Group, the company has grown into one of the largest integrated consumer companies operating across Mainland China and Hong Kong.

In its retail division, China Resources Enterprise operates the CR Vanguard chain of supermarkets and convenience stores, supplemented by online grocery platforms and membership loyalty programmes.

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