Hong Kong & China Gas (OTCMKTS:HOKCY) Trading 5% Higher – Should You Buy?

by · The Markets Daily

Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) shares rose 5% on Wednesday . The stock traded as high as $0.84 and last traded at $0.84. Approximately 551 shares were traded during trading, a decline of 97% from the average daily volume of 18,860 shares. The stock had previously closed at $0.80.

Hong Kong & China Gas Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $0.88 and its two-hundred day moving average is $0.86.

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers lifted its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% in the first quarter, according to its most recent Form 13F 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 quarter. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent reporting period.

Hong Kong & China Gas Company Profile

(Get Free Report)

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.

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