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

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $0.85, but opened at $0.77. Hong Kong & China Gas shares last traded at $0.75, with a volume of 4,100 shares changing hands.

Hong Kong & China Gas Stock Up 9.9%

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 50-day moving average price of $0.86 and a 200-day moving average price of $0.79.

Hong Kong & China Gas Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were given a $0.0237 dividend. This represents a yield of 4.8%. 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to 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 period. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent quarter.

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.