Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Up 8.4% – Here’s Why

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s stock price rose 8.4% on Wednesday . The company traded as high as $0.90 and last traded at $0.8779. 2,028 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 11,992 shares. The stock had previously closed at $0.81.

Hong Kong & China Gas Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 0.63 and a quick ratio of 0.55. The firm’s 50 day simple moving average is $0.89 and its 200-day simple moving average is $0.89.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,441 shares of the company’s stock after purchasing 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.