China Resources Enterprise (OTCMKTS:CRHKY) Sets New 52-Week Low – Here’s What Happened

China Resources Enterprise Ltd. (OTCMKTS:CRHKY)’s share price reached a new 52-week low on Tuesday . The company traded as low as $4.76 and last traded at $4.91, with a volume of 530127 shares traded. The stock had previously closed at $4.95.

Wall Street Analysts Forecast Growth

CRHKY has been the topic of a number of recent research reports. Sanford C. Bernstein lowered China Resources Enterprise to a “market perform” rating in a report on Wednesday, August 26th. Zacks Research upgraded China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

China Resources Enterprise Trading Down 2.2%

The company’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $6.25. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.04.

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.