Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – Still a Buy?

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped up before the market opened on Monday . The stock had previously closed at $0.8813, but opened at $0.93. Hong Kong & China Gas shares last traded at $0.93, with a volume of 1,337 shares trading hands.

Hong Kong & China Gas Price Performance

The business has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $0.85. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 0.67.

Institutional Investors Weigh In On Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers raised its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,441 shares of the company’s stock after buying an additional 27,860 shares during the period. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 as of its most recent filing with the SEC.

About Hong Kong & China Gas

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.