China Resources Enterprise (OTCMKTS:CRHKY) Hits New 1-Year Low – Time to Sell?

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) hit a new 52-week low during trading on Thursday . The stock traded as low as $5.19 and last traded at $5.23, with a volume of 1451 shares trading hands. The stock had previously closed at $5.69.

Wall Street Analyst Weigh In

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

China Resources Enterprise Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $5.77 and a 200 day moving average of $6.37.

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.