Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Up 4.3% - Here's What Happened

Key Points

• Hong Kong & China Gas Co. shares increased by 4.3% to $0.88, with trading volume rising 21% over its average.
• The company recently declared a dividend yielding 411.0%, with a payment of $0.0123 to stockholders on record as of September 3rd.
• Rhumbline Advisers has raised its stake in Hong Kong & China Gas by 26.9% during the first quarter, now holding 131,441 shares valued at $107,000.

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - ) rose 4.3% on Friday . The company traded as high as $0.88 and last traded at $0.88. Approximately 25,000 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 20,608 shares. The stock had previously closed at $0.84.

Hong Kong & China Gas Stock Performance

The stock has a 50 day moving average price of $0.84 and a two-hundred day moving average price of $0.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61.

Hong Kong & China Gas Cuts Dividend

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

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers increased its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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.

About Hong Kong & China Gas

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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