Free Trial

China Resources Beer (OTCMKTS:CRHKY) Stock Price Crosses Above 50-Day Moving Average - Here's Why

China Resources Beer logo with Multi-Sector Conglomerates background

Shares of China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.29 and traded as high as $6.38. China Resources Beer shares last traded at $6.25, with a volume of 62,845 shares.

China Resources Beer Price Performance

The business's fifty day moving average is $6.29 and its two-hundred day moving average is $6.74. The company has a quick ratio of 0.40, a current ratio of 0.75 and a debt-to-equity ratio of 0.03.

About China Resources Beer

(Get Free Report)

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in China Resources Beer Right Now?

Before you consider China Resources Beer, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and China Resources Beer wasn't on the list.

While China Resources Beer currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines