Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $8.01, but opened at $7.56. Power Assets shares last traded at $7.7875, with a volume of 2,553 shares.
Power Assets Price Performance
The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.60. The business has a fifty day moving average of $7.61 and a 200-day moving average of $7.75.
Power Assets Company Profile
Power Assets Holdings Limited is an investment holding company focused on the international energy and utility sectors. Through its portfolio of investments and associated companies, the company has interests in electricity generation, transmission and distribution, gas distribution, renewable energy and other infrastructure-related businesses.
The company has historically been closely associated with Hong Kong’s electricity industry. It was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in 2015, following the separation of its Hong Kong electricity business into HK Electric Investments.
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