China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Down - Here's What Happened

Key Points

• China Resources Enterprise shares gapped down from $7.20 to $6.92, reflecting a decline of 4.2% in stock price.
• The company recently cut its dividend, providing a dividend yield of 2.58% with a payment of $0.0826 per share.
• China Resources Beer, which was formerly known as China Resources Enterprise, focuses on manufacturing and distributing beer products in Mainland China.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $7.20, but opened at $6.92. China Resources Enterprise shares last traded at $6.92, with a volume of 261 shares traded.

China Resources Enterprise Stock Performance

The company's 50 day moving average price is $6.62 and its 200-day moving average price is $6.73. The company has a quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 0.02.

China Resources Enterprise Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, May 26th were given a $0.0826 dividend. This represents a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, May 23rd.

China Resources Enterprise Company Profile

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.