Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Down – What’s Next?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares gapped down before the market opened on Friday . The stock had previously closed at $0.88, but opened at $0.85. Hong Kong & China Gas shares last traded at $0.85, with a volume of 1,045 shares traded.

Hong Kong & China Gas Price Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.60 and a current ratio of 0.67. The firm has a 50 day moving average price of $0.84 and a two-hundred day moving average price of $0.83.

Hong Kong & China Gas Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 22nd. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.0123 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a dividend yield of 411.0%.

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.