China Resources Enterprise (CRHKY) Projected to Post Quarterly Earnings on Wednesday

China Resources Enterprise (OTCMKTS:CRHKY) is expected to be issuing its results before the market opens on Wednesday, August 19th. Analysts expect the company to post earnings of $0.4783 per share and revenue of $3.6172 billion for the quarter.

China Resources Enterprise Stock Performance

CRHKY stock opened at $5.70 on Wednesday. The stock has a fifty day moving average of $5.85 and a 200-day moving average of $6.43. China Resources Enterprise has a fifty-two week low of $5.25 and a fifty-two week high of $7.69. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, China Resources Enterprise has an average rating of “Hold”.

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.