The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.85 and traded as high as $0.96. Hong Kong and China Gas shares last traded at $0.88, with a volume of 24,503 shares.
Hong Kong and China Gas Stock Performance
The business's fifty day moving average price is $0.85 and its two-hundred day moving average price is $0.77. The company has a quick ratio of 0.52, a current ratio of 0.59 and a debt-to-equity ratio of 0.56.
Hong Kong and China Gas Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $0.0237 per share. This is an increase from Hong Kong and China Gas's previous dividend of $0.01. The ex-dividend date is Friday, June 6th. This represents a dividend yield of 4.8%.
Hedge Funds Weigh In On Hong Kong and China Gas
An institutional investor recently raised its position in Hong Kong and China Gas stock. Rhumbline Advisers raised its stake in shares of The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.
About Hong Kong and China Gas
(
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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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