China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Down – Should You Sell?

China Resources Enterprise Ltd. (OTCMKTS:CRHKYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $7.29, but opened at $7.00. China Resources Enterprise shares last traded at $7.11, with a volume of 1,107 shares changing hands.

China Resources Enterprise Trading Up 1.4%

The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $7.06 and a 200-day simple moving average of $6.91.

China Resources Enterprise Increases Dividend

The business also recently announced a dividend, which was paid on Monday, November 3rd. Stockholders of record on Thursday, September 4th were paid a dividend of $0.1092 per share. The ex-dividend date was Wednesday, September 3rd. This represents a dividend yield of 147.0%. This is a boost from China Resources Enterprise’s previous dividend of $0.08.

About China Resources Enterprise

(Get Free Report)

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.

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