China Resources Enterprise (OTCMKTS:CRHKY) Hits New 12-Month Low – Should You Sell?

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) shares hit a new 52-week low during trading on Monday . The company traded as low as $5.4450 and last traded at $5.45, with a volume of 7617 shares trading hands. The stock had previously closed at $5.53.

Analysts Set New Price Targets

Separately, Zacks Research upgraded China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

China Resources Enterprise Stock Performance

The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $6.51 and its 200 day simple moving average is $6.71.

China Resources Enterprise Company Profile

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.