China Resources Beer (OTCMKTS:CRHKY) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKYGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.90 and traded as low as $6.19. China Resources Beer shares last traded at $6.24, with a volume of 66,535 shares trading hands.

China Resources Beer Price Performance

The business’s 50 day simple moving average is $6.93 and its 200 day simple moving average is $6.89. The company has a quick ratio of 0.40, a current ratio of 0.75 and a debt-to-equity ratio of 0.03.

China Resources Beer Company Profile

(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.

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