China Resources Enterprise (OTCMKTS:CRHKY – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.
China Resources Enterprise Stock Down 1.3%
CRHKY stock opened at $6.09 on Tuesday. China Resources Enterprise has a one year low of $6.07 and a one year high of $7.69. The company’s 50 day moving average price is $6.68 and its two-hundred day moving average price is $6.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.46.
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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