Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report)’s share price dropped 5% during mid-day trading on Friday . The company traded as low as $6.27 and last traded at $6.27. Approximately 2,148 shares changed hands during trading, a decline of 70% from the average daily volume of 7,205 shares. The stock had previously closed at $6.60.
Power Assets Trading Down 5.0%
The business has a 50-day moving average price of $6.52 and a 200-day moving average price of $6.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.03.
Power Assets Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, June 17th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.2425 per share. This represents a dividend yield of 484.0%. This is a boost from Power Assets’s previous dividend of $0.08. The ex-dividend date of this dividend was Tuesday, May 27th.
Power Assets Company Profile
Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; and provides trust administration and management services.
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