Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) shares shot up 7.6% during mid-day trading on Thursday . The stock traded as high as $0.8334 and last traded at $0.8334. Approximately 500 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 13,543 shares. The stock had previously closed at $0.7743.
Hong Kong & China Gas Stock Performance
The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average is $0.85 and its 200 day moving average is $0.88.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew 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 filing with the SEC. The fund 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 at the end of the most recent reporting period.
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.
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