Power Assets (OTCMKTS:HGKGY) Shares Up 6.3% – Time to Buy?

by · The Markets Daily

Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) shares were up 6.3% during trading on Thursday . The stock traded as high as $7.92 and last traded at $7.92. 737 shares changed hands during trading, a decline of 67% from the average session volume of 2,238 shares. The stock had previously closed at $7.45.

Power Assets Stock Up 1.0%

The stock has a 50-day moving average price of $7.53 and a two-hundred day moving average price of $7.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.60.

About Power Assets

(Get Free Report)

Power Assets Holdings Limited is an investment holding company focused on the international energy and utility sectors. Through its portfolio of investments and associated companies, the company has interests in electricity generation, transmission and distribution, gas distribution, renewable energy and other infrastructure-related businesses.

The company has historically been closely associated with Hong Kong’s electricity industry. It was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in 2015, following the separation of its Hong Kong electricity business into HK Electric Investments.

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