Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Down 11.8% - Time to Sell?

Key Points

• Hong Kong & China Gas shares decreased by 11.8% during mid-day trading, reaching a low of $0.78, with trading volume dropping significantly to 746 shares compared to the average of 23,284 shares.
• The company recently declared an increased dividend of $0.0237 per share, yielding 4.8%, up from the previous dividend of $0.01.
• A hedge fund, Rhumbline Advisers, increased its stake in Hong Kong & China Gas by 26.9%, holding 131,441 shares worth approximately $107,000.
• The company has a debt-to-equity ratio of 0.65, indicating its financial leverage and a focus on maintaining manageable debt levels.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) traded down 11.8% on Friday . The company traded as low as $0.78 and last traded at $0.78. 746 shares were traded during trading, a decline of 97% from the average session volume of 23,284 shares. The stock had previously closed at $0.88.

Hong Kong & China Gas Trading Down 5.1%

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 business's 50 day moving average is $0.85 and its two-hundred day moving average is $0.80.

Hong Kong & China Gas Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were issued a $0.0237 dividend. This is a positive change from Hong Kong & China Gas's previous dividend of $0.01. The ex-dividend date was Friday, June 6th. This represents a dividend yield of 4.8%.

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,441 shares of the company's stock after purchasing an additional 27,860 shares during the period. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 as of its most recent SEC filing.

Hong Kong & China Gas Company Profile

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.