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Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Pass Below Fifty Day Moving Average - Here's What Happened

Hong Kong & China Gas logo with Utilities background

Key Points

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Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) crossed below its 50-day moving average during trading on Monday . 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 $0.83, with a volume of 10,717 shares traded.

Hong Kong & China Gas Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock's 50-day simple moving average is $0.84 and its 200 day simple moving average is $0.82.

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 dividend of $0.0237 per share. This represents a yield of 480.0%. This is a positive change from Hong Kong & China Gas's previous dividend of $0.01. The ex-dividend date of this dividend was Friday, June 6th.

Institutional Investors Weigh In On Hong Kong & China Gas

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

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.

See Also

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