China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $5.4450 and last traded at $5.45, with a volume of 7617 shares changing hands. The stock had previously closed at $5.53.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded China Resources Enterprise to a “hold” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
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China Resources Enterprise Stock Performance
About China Resources Enterprise
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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