Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Up 9.9% – Here’s What Happened

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCYGet Free Report) shot up 9.9% during trading on Thursday . The stock traded as high as $0.8751 and last traded at $0.8751. 169 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 14,178 shares. The stock had previously closed at $0.7965.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Hong Kong & China Gas to a “hold” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Read Our Latest Report on Hong Kong & China Gas

Hong Kong & China Gas Stock Up 1.1%

The company has a 50 day simple moving average of $0.85 and a 200 day simple moving average of $0.87. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.63.

About Hong Kong & China Gas

(Get Free Report)

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.

The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.

Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.

Further Reading

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