China Resources Enterprise (OTCMKTS:CRHKY) Shares Pass Below 50-Day Moving Average – Time to Sell?

China Resources Enterprise Ltd. (OTCMKTS:CRHKYGet Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.01 and traded as low as $6.6350. China Resources Enterprise shares last traded at $6.65, with a volume of 96,634 shares traded.

China Resources Enterprise Stock Up 0.3%

The firm has a 50 day moving average price of $7.01 and a 200 day moving average price of $7.03. The company has a quick ratio of 0.49, a current ratio of 0.83 and a debt-to-equity ratio of 0.01.

About China Resources Enterprise

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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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