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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $0.84, but opened at $0.97. Hong Kong & China Gas shares last traded at $0.97, with a volume of 3,250 shares.

Hong Kong & China Gas Trading Down 1.2%

The stock’s fifty day simple moving average is $0.84 and its 200-day simple moving average is $0.84. 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 company also recently disclosed a dividend, which was paid on Monday, September 22nd. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.0123 per share. This represents a dividend yield of 411.0%. The ex-dividend date of this dividend was Tuesday, September 2nd.

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers lifted its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 reporting period.

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.