China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) shot up 7.4% on Wednesday . The company traded as high as $6.64 and last traded at $6.64. 1,070 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 133,721 shares. The stock had previously closed at $6.18.
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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, China Resources Enterprise presently has a consensus rating of “Hold”.
Read Our Latest Analysis on CRHKY
China Resources Enterprise Trading Up 6.2%
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.
Featured Stories
- Five stocks we like better than China Resources Enterprise
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
- Boxabl Disrupts Housing With A Tiny Float IPO
- Robotaxi Mode Engaged: Tesla Starts Monetizing Its Florida Fleet
- Velo3D Forges a New Reality After Its Sharp Stock Sell-Off
Receive News & Ratings for China Resources Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Resources Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.
