Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Hong Kong & China Gas Co. stock price recently crossed above its 200-day moving average of $0.85, trading at $0.83 with a peak of $0.88 during recent session.
• The company announced a dividend cut, paying a reduced dividend of $0.0123 per share, resulting in a yield of 411.0%.
• Rhumbline Advisers increased its stake in Hong Kong & China Gas by 26.9%, holding 131,441 shares valued at approximately $107,000.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - )'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.85 and traded as high as $0.88. Hong Kong & China Gas shares last traded at $0.83, with a volume of 26,819 shares trading hands.

Hong Kong & China Gas Stock Up 1.4%

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

Hong Kong & China Gas Cuts Dividend

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

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers lifted its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,441 shares of the company's stock after purchasing an additional 27,860 shares during the period. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent quarter.

Hong Kong & China Gas Company Profile

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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