China Resources Enterprise (OTCMKTS:CRHKY) Reaches New 1-Year Low – Here’s Why

Shares of China Resources Enterprise Ltd. (OTCMKTS:CRHKY) hit a new 52-week low during mid-day trading on Wednesday . The stock 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRHKY. Sanford C. Bernstein lowered China Resources Enterprise to a “market perform” rating in a research report on Wednesday. Zacks Research upgraded shares of China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

China Resources Enterprise Trading Down 2.7%

The stock’s 50 day moving average is $5.75 and its 200 day moving average is $6.34. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.04.

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.