Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Down 5.4% – Here’s What Happened

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s stock price fell 5.4% during mid-day trading on Monday . The stock traded as low as $0.87 and last traded at $0.87. 24,673 shares were traded during trading, an increase of 21% from the average session volume of 20,417 shares. The stock had previously closed at $0.92.

Hong Kong & China Gas Stock Performance

The company has a fifty day simple moving average of $0.85 and a 200 day simple moving average of $0.85. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.63.

Hong Kong & China Gas Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 22nd. Investors of record on Wednesday, September 3rd were paid a $0.0123 dividend. This represents a dividend yield of 411.0%. The ex-dividend date of this dividend was Tuesday, September 2nd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

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.