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

Hong Kong & China Gas logo with Utilities background

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $0.76, but opened at $0.83. Hong Kong & China Gas shares last traded at $0.83, with a volume of 267 shares trading hands.

Hong Kong & China Gas Stock Up 0.2%

The company's 50 day moving average is $0.85 and its 200 day moving average is $0.80. 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 Increases Dividend

The company also recently declared 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 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. 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 grew its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 131,441 shares of the company's stock after buying an additional 27,860 shares during the period. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 as of its most recent SEC filing.

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.

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