Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) dropped 10% during trading on Thursday . The company traded as low as $0.85 and last traded at $0.85. Approximately 392 shares traded hands during trading, a decline of 99% from the average daily volume of 26,350 shares. The stock had previously closed at $0.94.
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 moving average price is $0.86 and its 200 day moving average price is $0.79.
Hong Kong & China Gas Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.0237 per share. This is a positive change from Hong Kong & China Gas's previous dividend of $0.01. The ex-dividend date of this dividend is Friday, June 6th. This represents a yield of 4.8%.
Hedge Funds Weigh In On Hong Kong & China Gas
An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers boosted its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,441 shares of the company's stock after acquiring 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 filing with the Securities and Exchange Commission.
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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