Free Trial

China Resources Power (OTCMKTS:CRPJY) Share Price Crosses Above 50 Day Moving Average - Here's What Happened

China Resources Power logo with Utilities background

Key Points

  • Shares of China Resources Power crossed above its 50-day moving average of $37.28, trading at a high of $37.68 on Monday.
  • The company declared a dividend of $0.6103, yielding 489.0%, with payment scheduled for November 14th to investors of record on September 12th.
  • China Resources Power has a debt-to-equity ratio of 1.17, indicating financial leverage, alongside a quick ratio of 0.52 and a current ratio of 0.58.
  • Five stocks to consider instead of China Resources Power.

China Resources Power Holdings Co. (OTCMKTS:CRPJY - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $37.28 and traded as high as $37.68. China Resources Power shares last traded at $37.68, with a volume of 101 shares traded.

China Resources Power Price Performance

The company has a debt-to-equity ratio of 1.17, a current ratio of 0.58 and a quick ratio of 0.52. The company's 50 day moving average is $37.38 and its 200-day moving average is $35.63.

China Resources Power Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.6103 per share. This represents a yield of 489.0%. The ex-dividend date is Thursday, September 11th.

About China Resources Power

(Get Free Report)

China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People's Republic of China. The company operates in two segments, Thermal Power and Renewable Energy. It operates and manages coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric power plants, and other clean and renewable energy projects.

Further Reading

Should You Invest $1,000 in China Resources Power Right Now?

Before you consider China Resources Power, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and China Resources Power wasn't on the list.

While China Resources Power currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.