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

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped down before the market opened 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 traded.

Hong Kong & China Gas Price Performance

The company has a 50 day moving average price of $0.86 and a 200 day moving average price of $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 announced a dividend, which was paid on Monday, September 22nd. Investors of record on Wednesday, September 3rd were issued a $0.0123 dividend. This represents a dividend yield of 411.0%. The ex-dividend date was Tuesday, September 2nd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,441 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

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.