Hong Kong & China Gas (OTCMKTS:HOKCY) Trading 6.8% Higher – Should You Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares rose 6.8% on Friday . The stock traded as high as $0.9075 and last traded at $0.9075. Approximately 572 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 11,956 shares. The stock had previously closed at $0.85.

Hong Kong & China Gas Trading Down 2.9%

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’s fifty day simple moving average is $0.88 and its 200-day simple moving average is $0.86.

Institutional Investors Weigh In On Hong Kong & China Gas

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

Hong Kong & China Gas Company Profile

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.