Hong Kong & China Gas (OTCMKTS:HOKCY) Trading 7.7% Higher - Here's What Happened

Key Points

• Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw its share price increase by 7.7%, with the last traded price at $0.85.
• Despite a rise in share price, trading volume was significantly low, down 95% from the average session volume.
• The company announced a dividend of $0.0123 per share, with an impressive dividend yield of 411.0%.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - )'s share price traded up 7.7% on Wednesday . The company traded as high as $0.85 and last traded at $0.85. 1,000 shares changed hands during trading, a decline of 95% from the average session volume of 20,660 shares. The stock had previously closed at $0.79.

Hong Kong & China Gas Stock Up 7.7%

The stock's fifty day moving average price is $0.84 and its two-hundred day moving average price is $0.83. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.67.

Hong Kong & China Gas Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 22nd. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.0123 per share. The ex-dividend date of this dividend is 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 raised its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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

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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