China Resources Enterprise (OTCMKTS:CRHKY) Sets New 52-Week Low – Should You Sell?

China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.01 and last traded at $5.17, with a volume of 5874 shares traded. The stock had previously closed at $5.28.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRHKY shares. Zacks Research upgraded China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein cut China Resources Enterprise to a “market perform” rating in a report on Wednesday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, China Resources Enterprise has an average rating of “Hold”.

Get China Resources Enterprise alerts:

Get Our Latest Report on CRHKY

China Resources Enterprise Price Performance

The stock’s 50 day moving average price is $5.73 and its 200 day moving average price is $6.31. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04.

China Resources Enterprise Company Profile

(Get Free Report)

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
• Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
• SEC Probe Puts Wall Street Leverage Risk Back in Focus
• A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
• Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?

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.