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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $1.00, but opened at $0.8870. Hong Kong & China Gas shares last traded at $0.8870, with a volume of 789 shares trading hands.

Hong Kong & China Gas Trading Down 10.7%

The business’s 50 day moving average is $0.86 and its two-hundred day moving average is $0.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61.

Hong Kong & China Gas Cuts Dividend

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

Institutional Investors Weigh In On Hong Kong & China Gas

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