Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up - Should You Buy?

Key Points

• Hong Kong & China Gas Co. shares gapped up, opening at $0.83 after closing at $0.80, with a total trading volume of 253 shares.
• The company announced a dividend of $0.0123 per share with a hefty yield of 411.0%, to be paid on September 22nd.
• Rhumbline Advisers increased its stake in Hong Kong & China Gas by 26.9%, owning 131,441 shares worth approximately $107,000 according to recent SEC filings.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - ) shares gapped up prior to trading on Tuesday . The stock had previously closed at $0.80, but opened at $0.83. Hong Kong & China Gas shares last traded at $0.83, with a volume of 253 shares traded.

Hong Kong & China Gas Stock Performance

The company's fifty day moving average price is $0.84 and its two-hundred day moving average price is $0.83. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 0.65.

Hong Kong & China Gas Cuts Dividend

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

Hedge Funds Weigh In On Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers lifted its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,441 shares of the company's stock after buying an additional 27,860 shares during the quarter. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 as of its most recent SEC filing.

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.

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