China Resources Power (OTCMKTS:CRPJY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Trading volume spiked — 750 shares traded mid-day, a roughly 650% increase from the prior session's 100 shares; the stock last traded around $35.39 (previous close $35.45).
• Analyst downgrade — Zacks Research cut China Resources Power from "hold" to "strong sell", and MarketBeat shows an average rating of "Sell."
• Technical and balance-sheet signals show mixed/weak metrics: the 50-day and 200-day simple moving averages are $35.65 and $36.05, respectively, while debt-to-equity is 1.07 and liquidity is low (current ratio 0.58, quick ratio 0.53).

Shares of China Resources Power Holdings Co. (OTCMKTS:CRPJY - Get Free Report) saw an uptick in trading volume on Tuesday . 750 shares traded hands during mid-day trading, an increase of 650% from the previous session's volume of 100 shares.The stock last traded at $35.3935 and had previously closed at $35.45.

Analyst Ratings Changes

Separately, Zacks Research cut China Resources Power from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".

China Resources Power Stock Performance

The stock's 50 day simple moving average is $35.65 and its 200 day simple moving average is $36.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.58 and a quick ratio of 0.53.

About China Resources Power

China Resources Power Holdings Company Limited OTCMKTS: CRPJY is a leading integrated energy company in the People's Republic of China. A subsidiary of China Resources (Holdings) Company Limited, the company is primarily engaged in the development, construction and operation of power generation facilities. Its core business activities include generating and selling electricity and steam to industrial, commercial and residential customers.

The company's generation portfolio encompasses a diverse mix of thermal, gas, hydro, wind and solar power assets.

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