Hong Kong & China Gas (OTCMKTS:HOKCY) Sees Unusually-High Trading Volume – Here’s What Happened

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw strong trading volume on Thursday . 44,913 shares changed hands during trading, an increase of 125% from the previous session’s volume of 19,941 shares.The stock last traded at $0.8757 and had previously closed at $0.90.

Hong Kong & China Gas Stock Down 2.7%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 0.67. The business has a 50-day simple moving average of $0.84 and a two-hundred day simple moving average of $0.85.

Hong Kong & China Gas Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 22nd. Investors of record on Wednesday, September 3rd were given a $0.0123 dividend. The ex-dividend date 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 lifted its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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.

About Hong Kong & China Gas

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.