Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Up 7.1% Following Analyst Upgrade

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) rose 7.1% on Monday after Zacks Research upgraded the stock to a hold rating. The company traded as high as $0.99 and last traded at $0.99. Approximately 300,586 shares traded hands during mid-day trading, an increase of 2,242% from the average daily volume of 12,835 shares. The stock had previously closed at $0.9247.

Institutional Investors Weigh In On Hong Kong & China Gas

A hedge fund recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers lifted its stake in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,441 shares of the company’s stock after buying an additional 27,860 shares during the quarter. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent reporting period.

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 fifty day moving average price is $0.83 and its 200 day moving average price is $0.88.

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.