Hong Kong & China Gas (OTCMKTS:HOKCY) Trading 11.6% Higher – What’s Next?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s stock price traded up 11.6% on Tuesday . The company traded as high as $0.99 and last traded at $0.99. 4,487 shares traded hands during trading, a decline of 77% from the average session volume of 19,636 shares. The stock had previously closed at $0.8873.

Hong Kong & China Gas Stock Up 3.7%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 0.67. The business has a 50 day moving average price of $0.86 and a two-hundred day moving average price of $0.85.

Hedge Funds Weigh In On Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers lifted its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Hong Kong & China Gas Company Profile

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.