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

Hong Kong & China Gas logo with Utilities background

Key Points

  • Hong Kong & China Gas shares gapped down from $0.85 to $0.81 before market opening, with a total trading volume of 118 shares noted.
  • The company announced a dividend cut, with an upcoming payment of $0.0123 per share, reflecting a substantial yield of 411.0%.
  • An institutional investor, Rhumbline Advisers, increased its holdings in Hong Kong & China Gas by 26.9%, owning 131,441 shares valued at $107,000.
  • MarketBeat previews the top five stocks to own by October 1st.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $0.85, but opened at $0.81. Hong Kong & China Gas shares last traded at $0.81, with a volume of 118 shares.

Hong Kong & China Gas Price Performance

The business's 50 day simple moving average is $0.85 and its 200-day simple moving average is $0.83. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.67.

Hong Kong & China Gas Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 22nd. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.0123 per share. The ex-dividend date is Tuesday, September 2nd. This represents a dividend yield of 411.0%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the 1st 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 acquiring 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 quarter.

Hong Kong & China Gas Company Profile

(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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