China Resources Enterprise (OTCMKTS:CRHKY – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.
China Resources Enterprise Stock Performance
Shares of CRHKY stock opened at $6.09 on Tuesday. China Resources Enterprise has a 12 month low of $6.07 and a 12 month high of $7.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.46 and a current ratio of 0.82. The company’s fifty day moving average price is $6.68 and its 200-day moving average price is $6.82.
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.
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