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

China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.16 and traded as high as $7.71. China Resources Beer shares last traded at $7.52, with a volume of 30,997 shares traded.

China Resources Beer Stock Performance

The firm has a 50 day moving average price of $7.16 and a 200 day moving average price of $7.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.75.

China Resources Beer Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 4th. Stockholders of record on Thursday, September 5th will be issued a $0.0919 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a dividend yield of 4.17%. This is a positive change from China Resources Beer’s previous dividend of $0.08.

About China Resources Beer

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.