China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.27 and last traded at $18.27, with a volume of 2 shares trading hands. The stock had previously closed at $18.27.
Separately, Zacks Investment Research upgraded China Resources Beer from a “sell” rating to a “hold” rating in a research note on Tuesday, October 20th.
The stock has a market capitalization of $29.64 billion, a price-to-earnings ratio of 152.25 and a beta of 0.38. The company’s fifty day simple moving average is $15.60 and its 200 day simple moving average is $13.37.
China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, sells, and distributes beer products under the Snow and Heineken brands. As of December 31, 2019, it operated 74 breweries in 25 provinces, municipalities, and autonomous regions in Mainland China. 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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