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

Key Points

• Hong Kong & China Gas (OTCMKTS:HOKCY) shares have dipped below their 50-day moving average of $0.85, trading as low as $0.80 during recent trading sessions.
• The company recently announced an increase in its dividend to $0.0237 per share, reflecting a yield of 4.8%, a positive change from the previous dividend of $0.01.
• An institutional investor, Rhumbline Advisers, has raised its stake in Hong Kong & China Gas by 26.9%, holding 131,441 shares valued at approximately $107,000.

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.85 and traded as low as $0.80. Hong Kong & China Gas shares last traded at $0.88, with a volume of 6,895 shares trading hands.

Hong Kong & China Gas Stock Down 2.7%

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 company has a 50-day simple moving average of $0.85 and a two-hundred day simple moving average of $0.81.

Hong Kong & China Gas Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 9th were given a $0.0237 dividend. The ex-dividend date was Friday, June 6th. This is an increase from Hong Kong & China Gas's previous dividend of $0.01. This represents a yield of 480.0%.

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during 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 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 reporting period.

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.