Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Down 8.6% – Should You Sell?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) dropped 8.6% during mid-day trading on Friday . The stock traded as low as $0.9050 and last traded at $0.9050. Approximately 108 shares changed hands during trading, a decline of 99% from the average daily volume of 19,481 shares. The stock had previously closed at $0.99.

Hong Kong & China Gas Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average price of $0.87 and a 200 day moving average price of $0.86.

Hedge Funds Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its holdings 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 filing 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 filing with the Securities and Exchange Commission.

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.