Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Up 9.4% – Here’s What Happened

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) traded up 9.4% during trading on Friday . The stock traded as high as $0.8985 and last traded at $0.8985. Approximately 1,101 shares changed hands during trading, a decline of 92% from the average session volume of 14,089 shares. The stock had previously closed at $0.8212.

Analyst Ratings Changes

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

Hong Kong & China Gas Stock Up 9.4%

The business’s fifty day moving average price is $0.85 and its 200-day moving average price is $0.88. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On Hong Kong & China Gas

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

About Hong Kong & China Gas

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.

The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.

Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.