Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Down 6.8% - Time to Sell?

Key Points

• Hong Kong & China Gas shares fell by 6.8% to $0.80, with trading volume declining by 60% compared to the average.
• The company announced a dividend increase, with a yield of 480.0%, distributing $0.0237 to investors of record as of June 9th.
• Rhumbline Advisers raised its stake in the company by 26.9% during the first quarter, now holding 131,441 shares valued at $107,000.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - )'s share price traded down 6.8% during trading on Monday . The company traded as low as $0.80 and last traded at $0.80. 8,575 shares changed hands during trading, a decline of 60% from the average session volume of 21,388 shares. The stock had previously closed at $0.86.

Hong Kong & China Gas Stock 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 stock has a 50-day moving average of $0.85 and a 200 day moving average of $0.82.

Hong Kong & China Gas Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were issued a $0.0237 dividend. This is an increase from Hong Kong & China Gas's previous dividend of $0.01. This represents a yield of 480.0%. The ex-dividend date of this dividend was Friday, June 6th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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 1st quarter, according to the company in its most recent 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 quarter. Rhumbline Advisers' holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent quarter.

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.

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