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Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up - Here's Why

Hong Kong & China Gas logo with Utilities background

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) 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.

Hong Kong & China Gas Stock Performance

The firm has a fifty day moving average of $0.85 and a 200-day moving average of $0.80. 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. Shareholders of record on Monday, June 9th were paid a dividend of $0.0237 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 4.8%. This is an increase from Hong Kong & China Gas's previous dividend of $0.01.

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,441 shares of the company's stock after acquiring 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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