China Resources Beer (OTCMKTS:CRHKY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKYGet Free Report)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.72 and traded as high as $7.68. China Resources Beer shares last traded at $7.50, with a volume of 22,882 shares trading hands.

China Resources Beer Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.75. The business has a 50 day moving average of $6.75 and a 200-day moving average of $6.94.

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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