Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Down 4.8% - What's Next?

Key Points

• Hong Kong & China Gas Co. shares fell 4.8% and traded at $0.84 with a significant drop in trading volume, down 92% from the average.
• The company recently cut its dividend to $0.0123 per share, which was paid out on September 22nd, representing a yield of 411.0%.
• An institutional investor, Rhumbline Advisers, increased its stake in the company by 26.9% during the first quarter, acquiring an additional 27,860 shares.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - ) was down 4.8% during mid-day trading on Tuesday . The stock traded as low as $0.84 and last traded at $0.84. Approximately 1,755 shares changed hands during trading, a decline of 92% from the average daily volume of 20,725 shares. The stock had previously closed at $0.88.

Hong Kong & China Gas Trading Down 8.3%

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

Hong Kong & China Gas Cuts Dividend

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

Institutional Trading of Hong Kong & China Gas

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