Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Up 7.2% – Still a Buy?
by Mitch Edgeman · The Markets DailyHong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) shares traded up 7.2% on Monday . The company traded as high as $0.91 and last traded at $0.91. 721 shares were traded during trading, a decline of 92% from the average session volume of 8,637 shares. The stock had previously closed at $0.8487.
Hong Kong & China Gas Stock Performance
The company’s 50-day moving average is $0.90 and its two-hundred day moving average is $0.88.
Institutional Trading of Hong Kong & China Gas
A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,441 shares of the company’s stock after acquiring 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.
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.