Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – Time to Buy?

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped up prior to trading on Friday . The stock had previously closed at $0.8231, but opened at $0.9020. Hong Kong & China Gas shares last traded at $0.9020, with a volume of 822 shares.

Hong Kong & China Gas Stock Up 9.6%

The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.63. The firm’s fifty day simple moving average is $0.86 and its 200 day simple moving average is $0.85.

Hong Kong & China Gas Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers increased its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent Form 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 period. 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.