Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) saw an uptick in trading volume on Tuesday . Approximately 78,435 shares changed hands during mid-day trading, an increase of 512% from the previous session’s volume of 12,808 shares.The stock last traded at $0.79 and had previously closed at $0.7797.
Hong Kong & China Gas Stock Up 1.3%
The company’s 50 day simple moving average is $0.88 and its 200 day simple moving average is $0.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.63 and a quick ratio of 0.55.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.
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.
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