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China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Up - Still a Buy?

China Resources Enterprise logo with Multi-Sector Conglomerates background

Key Points

  • China Resources Enterprise's stock price increased from a previous close of $6.80 to open at $7.14 before last trading at $7.04 with a volume of 7,270 shares.
  • The company has a notably low debt-to-equity ratio of 0.02, indicating strong financial stability, though its current and quick ratios suggest potential liquidity concerns.
  • China Resources Enterprise recently cut its dividend to $0.0826 per share, reflecting a high dividend yield of 258.0% that may affect investor perceptions.
  • Want stock alerts on China Resources Enterprise? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.80, but opened at $7.14. China Resources Enterprise shares last traded at $7.04, with a volume of 7,270 shares changing hands.

China Resources Enterprise Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.23 and a current ratio of 0.60. The company's 50 day moving average is $6.66 and its two-hundred day moving average is $6.78.

China Resources Enterprise Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, May 26th were given a dividend of $0.0826 per share. This represents a dividend yield of 258.0%. The ex-dividend date was Friday, May 23rd.

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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