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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $0.77, but opened at $0.84. Hong Kong & China Gas shares last traded at $0.84, with a volume of 101 shares changing hands.

Hong Kong & China Gas Stock Up 8.0%

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.67 and a quick ratio of 0.60. The stock has a 50-day moving average price of $0.85 and a 200 day moving average price of $0.80.

Hong Kong & China Gas Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were paid a $0.0237 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 4.8%. This is a positive change from Hong Kong & China Gas's previous dividend of $0.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers lifted its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent Form 13F 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 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

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.