Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Up 7.1% – Time to Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s share price rose 7.1% on Monday . The stock traded as high as $0.99 and last traded at $0.99. 300,586 shares traded hands during mid-day trading, an increase of 2,242% from the average session volume of 12,835 shares. The stock had previously closed at $0.9247.

Hong Kong & China Gas Stock Down 5.7%

The company has a 50 day moving average of $0.83 and a two-hundred day moving average of $0.87. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61.

Hedge Funds Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers boosted its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Hong Kong & China Gas Company Profile

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.