China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Up – Still a Buy?

Shares of China Resources Enterprise Ltd. (OTCMKTS:CRHKY) gapped up before the market opened on Monday . The stock had previously closed at $5.73, but opened at $5.9850. China Resources Enterprise shares last traded at $5.95, with a volume of 1,179 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

China Resources Enterprise Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.46 and a current ratio of 0.82. The business has a fifty day simple moving average of $6.15 and a 200 day simple moving average of $6.56.

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.