Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $0.88, but opened at $0.83. Hong Kong & China Gas shares last traded at $0.83, with a volume of 252 shares trading hands.
Hong Kong & China Gas Price Performance
The business's 50-day simple moving average is $0.85 and its two-hundred day simple moving average is $0.81. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.67 and a quick ratio of 0.60.
Hong Kong & China Gas Increases Dividend
The firm also recently announced a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were paid a dividend of $0.0237 per share. This is an increase 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 480.0%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers boosted its stake in shares of 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 firm 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
(
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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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