Hong Kong & China Gas (OTCMKTS:HOKCY) Sees Strong Trading Volume – Here’s Why
by Tristan Rich · The Markets DailyShares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) saw an uptick in trading volume on Monday . 20,913 shares changed hands during mid-day trading, an increase of 179% from the previous session’s volume of 7,501 shares.The stock last traded at $0.82 and had previously closed at $0.8415.
Hong Kong & China Gas Stock Down 2.6%
The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61. The stock’s fifty day moving average is $0.89 and its 200 day moving average is $0.86.
Hedge Funds Weigh In On Hong Kong & China Gas
A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers increased its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 131,441 shares of the company’s stock after purchasing an additional 27,860 shares during the quarter. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent quarter.
About Hong Kong & China Gas
The Hong Kong and China Gas Company Limited, commonly known as Towngas, is a long-established utility and energy services company founded in 1862. It is principally engaged in the production, distribution and sale of town gas and related energy products, serving residential, commercial and industrial customers. Towngas operates through an integrated model that covers gas production facilities, transmission and distribution networks, customer metering and billing, and after-sales services.
Core products and services include piped town gas for household and commercial use, liquefied petroleum gas (LPG) distribution, gas appliances and fittings, and engineering, installation and maintenance services.