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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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $0.90, but opened at $0.83. Hong Kong & China Gas shares last traded at $0.76, with a volume of 6,623 shares.

Hong Kong & China Gas Trading Up 0.2%

The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 0.65. The firm's 50 day moving average is $0.85 and its two-hundred day moving average is $0.80.

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 paid a $0.0237 dividend. This is a boost from Hong Kong & China Gas's previous dividend of $0.01. The ex-dividend date was Friday, June 6th. This represents a dividend yield of 4.8%.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers increased its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 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.

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