Power Assets (OTCMKTS:HGKGY) Shares Gap Down - Time to Sell?

Power Assets Holdings Ltd. (OTCMKTS:HGKGY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $6.62, but opened at $6.18. Power Assets shares last traded at $6.18, with a volume of 533 shares traded.

Power Assets Trading Down 1.8%

The business has a 50-day simple moving average of $6.53 and a 200-day simple moving average of $6.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.86 and a current ratio of 0.86.

Power Assets Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 17th. Investors of record on Wednesday, May 28th were issued a dividend of $0.2425 per share. This represents a yield of 4.84%. The ex-dividend date was Tuesday, May 27th. This is a positive change from Power Assets's previous dividend of $0.08.

Power Assets Company Profile

Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; and provides trust administration and management services.