China Resources Beer (Holdings) Company Limited (OTCMKTS: CRHKY) witnessed its stock price fall below its 50-day moving average during trading on Friday. The stock, which has a 50-day moving average of $8.68, reached as low as $7.98 before settling at $8.27 by the close of trading. A total volume of 24,188 shares exchanged hands during the session.
The current movement reflects a 0.1% decline in China Resources Beer’s stock price. Its 50-day moving average stands at $8.68, while the 200-day moving average is reported at $9.00.
China Resources Beer (Holdings) Company Limited is engaged in the manufacturing, distribution, and sale of beer products within Mainland China. Its portfolio includes popular brands such as Nong Li, Li, Löwen Fruit Beer, and Snow Draft Pure Malt Beer, among others. The company, formerly known as China Resources Enterprise, Limited, underwent a name change to China Resources Beer (Holdings) Company Limited in October 2015.
