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

by · The Markets Daily

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $0.95, but opened at $0.8750. Hong Kong & China Gas shares last traded at $0.8750, with a volume of 429 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Hong Kong & China Gas to a “hold” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Analysis on Hong Kong & China Gas

Hong Kong & China Gas Stock Performance

The firm has a 50 day moving average of $0.88 and a 200 day moving average of $0.87.

Hong Kong & China Gas Company Profile

(Get Free Report)

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy utility and infrastructure company. Founded in 1862, it is one of Hong Kong’s longest-established public utilities and supplies piped gas to residential, commercial and industrial customers across the city.

The company develops and operates gas production, transmission and distribution infrastructure and provides related services, including gas appliance sales, installation and maintenance.

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