Zacks Research upgraded shares of China Resources Enterprise (OTCMKTS:CRHKY – Free Report) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
China Resources Enterprise Price Performance
China Resources Enterprise stock opened at $6.09 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.46. China Resources Enterprise has a twelve month low of $6.07 and a twelve month high of $7.69. The company’s 50-day moving average price is $6.68 and its two-hundred day moving average price is $6.82.
About China Resources Enterprise
China Resources Enterprise Limited is a Hong Kong–based conglomerate principally engaged in consumer products distribution, retail operations and food and beverage businesses. Established in 1993 as a publicly listed arm of the state-owned China Resources Group, the company has grown into one of the largest integrated consumer companies operating across Mainland China and Hong Kong.
In its retail division, China Resources Enterprise operates the CR Vanguard chain of supermarkets and convenience stores, supplemented by online grocery platforms and membership loyalty programmes.
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