China Resources Enterprise (OTCMKTS:CRHKY) Reaches New 52-Week Low – Here’s What Happened

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.71 and last traded at $5.81, with a volume of 9977 shares trading hands. The stock had previously closed at $6.07.

Analysts Set New Price Targets

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 data from MarketBeat.com, the company presently has an average rating of “Hold”.

China Resources Enterprise Trading Down 4.9%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.46 and a current ratio of 0.82. The firm has a 50-day moving average price of $6.60 and a two-hundred day moving average price of $6.76.

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.