Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Down 4.4% - What's Next?

Key Points

• Hong Kong & China Gas shares fell 4.4% during trading on Monday, with a notable drop in trading volume, reaching only 225 shares compared to the average of 20,263.
• The company announced a $0.0123 dividend to be paid on September 22nd, representing a significant yield of 411.0%.
• Institutional investor Rhumbline Advisers increased its holdings in the company by 26.9%, now owning 131,441 shares valued at approximately $107,000.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - )'s share price fell 4.4% during trading on Monday . The company traded as low as $0.84 and last traded at $0.84. 225 shares were traded during mid-day trading, a decline of 99% from the average session volume of 20,263 shares. The stock had previously closed at $0.88.

Hong Kong & China Gas Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.67 and a quick ratio of 0.60. The business has a fifty day simple moving average of $0.84 and a 200 day simple moving average of $0.83.

Hong Kong & China Gas Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 22nd. Shareholders of record on Wednesday, September 3rd will be issued a $0.0123 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a yield of 411.0%.

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,441 shares of the company's stock after acquiring an additional 27,860 shares during the quarter. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 as of its most recent filing with the SEC.

Hong Kong & China Gas Company Profile

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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