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

Shares of China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKYGet 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

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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

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