Free Trial

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

Hong Kong & China Gas logo with Utilities background

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 Trading Up 0.5%

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

Hong Kong & China Gas Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were issued a dividend of $0.0237 per share. This is a boost from Hong Kong & China Gas's previous dividend of $0.01. The ex-dividend date of this dividend was Friday, June 6th. This represents a dividend 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 lifted its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,441 shares of the company's stock after acquiring an additional 27,860 shares during the period. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

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.

Read More

Should You Invest $1,000 in Hong Kong & China Gas Right Now?

Before you consider Hong Kong & China Gas, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hong Kong & China Gas wasn't on the list.

While Hong Kong & China Gas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.