Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report)'s stock price fell 10% on Thursday . The company traded as low as $0.85 and last traded at $0.85. 392 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 26,350 shares. The stock had previously closed at $0.94.
Hong Kong & China Gas Trading Up 6.0%
The firm's 50 day moving average is $0.86 and its 200-day moving average is $0.79. 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 Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be issued a $0.0237 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from Hong Kong & China Gas's previous dividend of $0.01. This represents a yield of 4.8%.
Hedge Funds Weigh In On Hong Kong & China Gas
A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.
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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