Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Up 10.1% – Here’s What Happened

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) rose 10.1% during trading on Friday . The stock traded as high as $0.9066 and last traded at $0.9066. Approximately 500 shares were traded during trading, a decline of 97% from the average daily volume of 15,650 shares. The stock had previously closed at $0.8235.

Hong Kong & China Gas Price Performance

The company’s 50 day simple moving average is $0.89 and its two-hundred day simple moving average is $0.86. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.63.

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 shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during 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 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 reporting period.

About Hong Kong & China Gas

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.