The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.86 and traded as high as $0.95. Hong Kong and China Gas shares last traded at $0.95, with a volume of 768 shares traded.
Hong Kong and China Gas Stock Up 6.2%
The company has a debt-to-equity ratio of 0.56, a current ratio of 0.59 and a quick ratio of 0.52. The company's 50 day moving average is $0.86 and its 200 day moving average is $0.78.
Hong Kong and China Gas Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be given a $0.0237 dividend. This is a boost from Hong Kong and China Gas's previous dividend of $0.01. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, June 6th.
Institutional Investors Weigh In On Hong Kong and China Gas
A hedge fund recently raised its stake in Hong Kong and China Gas stock. Rhumbline Advisers raised its holdings in The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY - Free Report) by 26.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,441 shares of the company's stock after buying an additional 27,860 shares during the period. Rhumbline Advisers' holdings in Hong Kong and China Gas were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.
Hong Kong and China Gas Company Profile
(
Get Free Report)
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.
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