China Resources Enterprise (OTCMKTS:CRHKY) Shares Down 4.2% - Time to Sell?

Key Points

• China Resources Enterprise stock dropped by 4.2% to $6.40, with trading volume declining 13% from the average session.
• The company has a quick ratio of 0.23 and a debt-to-equity ratio of 0.02, indicating a weaker liquidity position.
• China Resources Enterprise recently announced a dividend, yielding 258.0%, paid out to record investors as part of its ongoing financial adjustments.

Shares of China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report) dropped 4.2% on Monday . The company traded as low as $6.40 and last traded at $6.40. Approximately 38,875 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 44,931 shares. The stock had previously closed at $6.68.

China Resources Enterprise Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.23. The stock has a 50-day moving average price of $6.64 and a two-hundred day moving average price of $6.76.

China Resources Enterprise Cuts Dividend

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

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.