Free Trial

Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Passes Below 50 Day Moving Average - What's Next?

Hong Kong & China Gas logo with Utilities background

Key Points

  • Hong Kong & China Gas shares fell below their 50-day moving average, trading as low as $0.80 before closing at $0.86.
  • The company recently declared a dividend of $0.0123 per share, representing a yield of 411.0%, with the ex-dividend date on September 2nd.
  • Rhumbline Advisers, a hedge fund, increased its stake in Hong Kong & China Gas by 26.9%, acquiring an additional 27,860 shares this year.
  • MarketBeat previews the top five stocks to own by November 1st.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.84 and traded as low as $0.80. Hong Kong & China Gas shares last traded at $0.86, with a volume of 11,329 shares.

Hong Kong & China Gas Trading Down 2.6%

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

Hong Kong & China Gas Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers boosted its position 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 & Exchange Commission. The firm owned 131,441 shares of the company's stock after purchasing 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 filing with the Securities & Exchange Commission.

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.

Featured Articles

Should You Invest $1,000 in Hong Kong & China Gas Right Now?

Before you consider Hong Kong & China Gas, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hong Kong & China Gas wasn't on the list.

While Hong Kong & China Gas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Stocks to Own: Fall 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.