China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Down – Should You Sell?

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) gapped down before the market opened on Friday. The stock had previously closed at $4.88, but opened at $4.72. China Resources Enterprise shares last traded at $4.8480, with a volume of 17,739 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRHKY. Zacks Research upgraded China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein downgraded shares of China Resources Enterprise to a “market perform” rating in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, China Resources Enterprise has a consensus rating of “Hold”.

China Resources Enterprise Trading Down 0.4%

The company has a 50-day moving average price of $5.39 and a 200 day moving average price of $6.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.46.

About China Resources Enterprise

China Resources Enterprise Limited is a Hong Kong-based consumer and retail company associated with China Resources Group, a large state-owned business conglomerate in China. The company has historically operated across the retail, food and beverage, and consumer products sectors, serving customers in Hong Kong and mainland China.

Its former retail operations included supermarkets, hypermarkets and convenience stores operated under the China Resources Vanguard brand. The company also participated in food distribution and other consumer businesses, while its beverage operations included China Resources Snow Breweries, one of the major beer producers in China.

China Resources Enterprise underwent a significant restructuring in the mid-2010s, divesting or transferring several non-beer businesses and concentrating the listed entity on its brewing operations.