Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Up 8.6% – Here’s Why

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s stock price rose 8.6% during mid-day trading on Thursday. The company traded as high as $0.8799 and last traded at $0.8799. 200 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 14,152 shares. The stock had previously closed at $0.81.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hong Kong & China Gas to a “hold” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hong Kong & China Gas Trading Down 3.3%

The firm’s 50 day simple moving average is $0.88 and its 200-day simple moving average is $0.87.

Hong Kong & China Gas Company Profile

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy utility and infrastructure company. Founded in 1862, it is one of Hong Kong’s longest-established public utilities and supplies piped gas to residential, commercial and industrial customers across the city.

The company develops and operates gas production, transmission and distribution infrastructure and provides related services, including gas appliance sales, installation and maintenance.