China Resources Enterprise (OTCMKTS:CRHKY) Stock Price Down 0.8% - Here's What Happened

Key Points

• China Resources Enterprise shares fell by 0.8%, trading as low as $6.90 and closing at $7.14, with a significant drop in volume compared to its average.
• The company announced a dividend of $0.0826 per share, which was paid on July 14, representing a yield of 2.58%.
• China Resources Beer (Holdings) Company Limited is the current name for the business, which focuses on the manufacture and distribution of beer products in Mainland China.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - )'s share price traded down 0.8% during mid-day trading on Monday . The stock traded as low as $6.90 and last traded at $7.14. 17,128 shares traded hands during trading, a decline of 40% from the average session volume of 28,350 shares. The stock had previously closed at $7.20.

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 firm's 50-day simple moving average is $6.61 and its 200-day simple moving average is $6.73.

China Resources Enterprise Cuts Dividend

The business 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. The ex-dividend date was Friday, May 23rd. This represents a yield of 2.58%.

About China Resources Enterprise

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.

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