China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $5.11, but opened at $4.9350. China Resources Enterprise shares last traded at $4.8650, with a volume of 351,240 shares changing hands.
Wall Street Analyst Weigh In
Separately, Sanford C. Bernstein cut China Resources Enterprise to a “market perform” rating in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, China Resources Enterprise has a consensus rating of “Hold”.
Read Our Latest Stock Report on China Resources Enterprise
China Resources Enterprise Stock Down 3.8%
The business has a 50-day moving average of $5.00 and a 200-day moving average of $5.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.69.
China Resources Enterprise Company Profile
China Resources Enterprise, Limited (OTCMKTS:CRHKY) is an investment holding company associated with China Resources Holdings. The company’s operations have historically focused on consumer-related businesses, particularly retail, beer, food, and beverage activities in mainland China and Hong Kong.
Through its retail operations, China Resources Enterprise has been involved in supermarkets, hypermarkets, convenience stores, and other consumer outlets. Its beer business has been linked to China Resources Snow Breweries, one of the major beer producers in China, while its broader food and beverage activities have included the distribution and sale of consumer products.
China Resources Enterprise has undergone business restructuring and portfolio changes over time as the broader China Resources group has reorganized its consumer businesses.
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