Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Down 6.6% – Here’s Why

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares fell 6.6% during mid-day trading on Tuesday . The company traded as low as $0.84 and last traded at $0.84. 1,010 shares changed hands during trading, a decline of 95% from the average session volume of 18,929 shares. The stock had previously closed at $0.8997.

Hong Kong & China Gas Stock Down 6.6%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 0.67. The business’s 50 day moving average is $0.88 and its two-hundred day moving average is $0.86.

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,441 shares of the company’s stock after buying an additional 27,860 shares during the period. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent reporting period.

About Hong Kong & China Gas

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.