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

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.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) shares gapped down prior to trading 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 trading hands.

Hong Kong & China Gas Stock 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 stock has a 50 day moving average of $0.85 and a 200 day moving average of $0.82.

Hong Kong & China Gas Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were paid a $0.0237 dividend. This is a boost from Hong Kong & China Gas's previous dividend of $0.01. This represents a yield of 480.0%. The ex-dividend date of this dividend was Friday, June 6th.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 & China Gas were worth $107,000 at the end of the most recent reporting period.

About Hong Kong & China Gas

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.