China Resources Enterprise (CRHKY) to Release Earnings on Wednesday

China Resources Enterprise (OTCMKTS:CRHKY) is anticipated to issue 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 Down 2.1%

Shares of CRHKY opened at $5.70 on Wednesday. China Resources Enterprise has a 52 week low of $5.25 and a 52 week high of $7.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.46. The stock has a 50 day moving average price of $5.85 and a two-hundred day moving average price of $6.43.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently 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.