Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Down 7% - Time to Sell?

Key Points

• The share price of Hong Kong & China Gas has decreased by 7%, trading at $0.82 after reaching a low of the same price, with trading volume down 99% compared to its average.
• The company recently announced a dividend of $0.0123 per share, yielding 411.0%; the dividend was recorded on September 3rd and paid on September 22nd.
• Institutional investor Rhumbline Advisers increased its holdings in Hong Kong & China Gas by 26.9%, acquiring an additional 27,860 shares in the first quarter.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - )'s share price dropped 7% on Wednesday . The company traded as low as $0.82 and last traded at $0.82. Approximately 126 shares changed hands during trading, a decline of 99% from the average daily volume of 19,141 shares. The stock had previously closed at $0.88.

Hong Kong & China Gas Price Performance

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

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 Inflows and Outflows

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