Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report) dropped 6.8% on Monday . The company traded as low as $0.80 and last traded at $0.80. Approximately 8,575 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 21,388 shares. The stock had previously closed at $0.86.
Hong Kong & China Gas Price Performance
The company has a debt-to-equity ratio of 0.65, a current ratio of 0.67 and a quick ratio of 0.60. The business has a 50 day moving average price of $0.84 and a two-hundred day moving average price of $0.82.
Hong Kong & China Gas Increases Dividend
The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were paid a $0.0237 dividend. This represents a dividend yield of 480.0%. This is a positive change from Hong Kong & China Gas's previous dividend of $0.01. The ex-dividend date of this dividend was Friday, June 6th.
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 position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,441 shares of the company's stock after buying 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.
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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