Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report)’s stock price rose 7.5% on Thursday. The stock traded as high as $0.86 and last traded at $0.86. 307 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 13,835 shares. The stock had previously closed at $0.80.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Hong Kong & China Gas to a “hold” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Hong Kong & China Gas currently has a consensus rating of “Hold”.
Read Our Latest Research Report on HOKCY
Hong Kong & China Gas Trading Up 7.5%
The business has a 50-day moving average of $0.88 and a 200-day moving average of $0.88.
Hong Kong & China Gas Company Profile
The Hong Kong and China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy utility founded in 1862. It supplies piped town gas to residential, commercial and industrial customers in Hong Kong, where its services include gas distribution and related customer and engineering services. The company also operates in mainland China, where its businesses include city-gas distribution and energy services. Across its operations, Towngas has expanded into areas such as renewable energy, water and environmental services, and energy infrastructure.
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