China Resources Enterprise (OTCMKTS:CRHKY) Shares Down 4.2% - Here's Why

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.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report)'s share price dropped 4.2% during trading on Monday . The company traded as low as $6.40 and last traded at $6.40. Approximately 38,875 shares traded hands during 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 Down 0.8%

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

China Resources Enterprise Cuts Dividend

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

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.