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Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Down - Here's What Happened

Hong Kong & China Gas logo with Utilities background

Key Points

  • Hong Kong & China Gas (HOKCY) shares gapped down, opening at $0.80 after closing at $0.86 prior, reflecting a 2.0% decrease in share price.
  • The company increased its dividend to $0.0237 per share, yielding 480.0%, up from the previous $0.01.
  • Rhumbline Advisers raised its stake by 26.9% during the first quarter, now owning 131,441 shares valued at $107,000.
  • Need better tools to track Hong Kong & China Gas? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $0.86, but opened at $0.80. Hong Kong & China Gas shares last traded at $0.80, with a volume of 559 shares.

Hong Kong & China Gas Stock Down 2.3%

The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $0.85 and a 200-day simple moving average of $0.81.

Hong Kong & China Gas Increases Dividend

The firm also recently declared 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. This is a positive change from Hong Kong & China Gas's previous dividend of $0.01. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 480.0%.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers lifted its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,441 shares of the company's stock after purchasing an additional 27,860 shares during the period. 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

(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.

Further Reading

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