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

Key Points

• Hong Kong & China Gas shares gapped up from $0.82 to $0.86 at market open, with a trading volume of 1,001 shares.
• The company recently announced a dividend of $0.0123 per share, resulting in a substantial dividend yield of 411.0%.
• Institutional investor Rhumbline Advisers increased its position in the stock by 26.9%, acquiring an additional 27,860 shares during the first quarter.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - ) gapped up before the market opened on Tuesday . The stock had previously closed at $0.82, but opened at $0.86. Hong Kong & China Gas shares last traded at $0.86, with a volume of 1,001 shares traded.

Hong Kong & China Gas Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61. The company has a 50-day moving average of $0.84 and a 200-day moving average of $0.85.

Hong Kong & China Gas Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 22nd. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.0123 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a dividend yield of 411.0%.

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 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.

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