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China Resources Power (OTCMKTS:CRPJY) Stock Price Passes Below 50-Day Moving Average - What's Next?

China Resources Power logo with Utilities background

Key Points

  • The share price of China Resources Power has fallen below its 50-day moving average of $37.41, trading at $36.99, signaling potential concerns for investors.
  • The company has a debt-to-equity ratio of 1.17, along with a quick ratio of 0.52 and a current ratio of 0.58, indicating financial stress.
  • China Resources Power recently announced a dividend payout of $0.6103 on November 14th, with an impressive yield of 489.0%.
  • Five stocks to consider instead of China Resources Power.

China Resources Power Holdings Co. (OTCMKTS:CRPJY - Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $37.41 and traded as low as $36.99. China Resources Power shares last traded at $36.99, with a volume of 1 shares traded.

China Resources Power Stock Up 1.8%

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.52 and a current ratio of 0.58. The business's 50 day simple moving average is $37.41 and its 200-day simple moving average is $35.79.

China Resources Power Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, September 12th will be paid a $0.6103 dividend. This represents a dividend yield of 489.0%. The ex-dividend date of this dividend 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

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