Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Down 4.4% - Should You Sell?

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 - Get Free Report)'s share price traded down 4.4% on Monday . The company traded as low as $0.84 and last traded at $0.84. 225 shares traded hands 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 Stock Down 2.6%

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 stock has a 50-day moving average price of $0.84 and a two-hundred day moving average price of $0.84.

Hong Kong & China Gas Cuts Dividend

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

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers lifted its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

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.