Separately, Goldman Sachs Group downgraded The Hong Kong and China Gas from a neutral rating to a sell rating in a research note on Tuesday, October 29th.
OTCMKTS:HOKCY traded up $0.01 during mid-day trading on Thursday, reaching $1.90. 62,751 shares of the stock were exchanged, compared to its average volume of 114,793. The Hong Kong and China Gas has a 1-year low of $1.83 and a 1-year high of $2.56. The business has a fifty day moving average price of $1.91 and a 200 day moving average price of $2.14.
A hedge fund recently raised its stake in The Hong Kong and China Gas stock. Parametric Portfolio Associates LLC lifted its stake in The Hong Kong and China Gas Co. (OTCMKTS:HOKCY) by 14.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,149,685 shares of the company’s stock after acquiring an additional 998,489 shares during the period. Parametric Portfolio Associates LLC’s holdings in The Hong Kong and China Gas were worth $18,337,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.05% of the company’s stock.
About The Hong Kong and China Gas
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; conversion and utilization of biomass, and industrial and agricultural waste; and operation of natural gas refilling stations, piped city-gas projects, upstream and midstream developments, water and wastewater treatment projects, energy exploration and utilization ventures, and Aviation fuel facilities.
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