China Resources Beer (OTCMKTS:CRHKY) Shares Pass Above Fifty Day Moving Average – What’s Next?

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

China Resources Beer Stock Performance

The company’s fifty day moving average price is $7.16 and its 200-day moving average price is $7.51. The company has a current ratio of 0.75, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03.

China Resources Beer Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, November 4th. Shareholders 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 boost 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.