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China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Down - What's Next?

China Resources Enterprise logo with Multi-Sector Conglomerates background

Key Points

  • China Resources Enterprise shares gapped down from $7.15 to $6.82 before closing at $6.91, representing a 2.9% decline in value.
  • The company declared a dividend of $0.1092 per share with a yield of 147.0%, a significant increase from the previous dividend of $0.08.
  • China Resources Beer (Holdings) operates in the beer industry in Mainland China, focusing on manufacturing and distributing products under the Nong Li, Snow, and Jinsha brands.
  • Interested in China Resources Enterprise? Here are five stocks we like better.

Shares of China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $7.15, but opened at $6.82. China Resources Enterprise shares last traded at $6.91, with a volume of 660 shares.

China Resources Enterprise Stock Down 2.9%

The company has a current ratio of 0.60, a quick ratio of 0.23 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average of $7.11 and a 200-day moving average of $6.96.

China Resources Enterprise Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.1092 per share. This represents a yield of 147.0%. The ex-dividend date is Wednesday, September 3rd. This is a positive change from China Resources Enterprise's previous dividend of $0.08.

China Resources Enterprise Company Profile

(Get Free Report)

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.

See Also

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