Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – Should You Buy?
by Mitch Edgeman · The Markets DailyHong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $0.8747, but opened at $0.9050. Hong Kong & China Gas shares last traded at $0.9050, with a volume of 685 shares traded.
Hong Kong & China Gas Price Performance
The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $0.91 and a 200-day moving average of $0.88.
Institutional Trading of Hong Kong & China Gas
An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers raised its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund 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.
Hong Kong & China Gas Company Profile
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.