Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report)'s share price rose 7.7% during trading on Wednesday . The company traded as high as $0.85 and last traded at $0.85. Approximately 1,000 shares changed hands during trading, a decline of 95% from the average daily volume of 20,660 shares. The stock had previously closed at $0.79.
Hong Kong & China Gas Price Performance
The stock has a fifty day moving average of $0.84 and a 200-day moving average of $0.83. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 0.65.
Hong Kong & China Gas Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, September 22nd. Investors of record on Wednesday, September 3rd will be issued a $0.0123 dividend. This represents a yield of 411.0%. The ex-dividend date of this dividend is Tuesday, September 2nd.
Hedge Funds Weigh In On Hong Kong & China Gas
A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers boosted its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,441 shares of the company's stock after purchasing 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
(
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.
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