Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.85 and traded as low as $0.77. Hong Kong & China Gas shares last traded at $0.77, with a volume of 2,118 shares changing hands.
Hong Kong & China Gas Price Performance
The firm has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $0.80. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65.
Hong Kong & China Gas Increases Dividend
The firm also recently announced a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 9th were issued a dividend of $0.0237 per share. The ex-dividend date was Friday, June 6th. This is a positive change from Hong Kong & China Gas's previous dividend of $0.01. This represents a yield of 4.8%.
Institutional Investors Weigh In On Hong Kong & China Gas
A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,441 shares of the company's stock after purchasing an additional 27,860 shares during the quarter. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent reporting period.
About Hong Kong & 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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