Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $0.88 and traded as low as $0.83. Hong Kong & China Gas shares last traded at $0.83, with a volume of 1,080 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Hong Kong & China Gas to a “hold” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Research Report on HOKCY
Hong Kong & China Gas Trading Down 1.6%
The company has a 50-day moving average of $0.90 and a 200 day moving average of $0.88.
About Hong Kong & China Gas
Hong Kong & China Gas Company Limited, commonly known as Towngas, is an energy and utility company headquartered in Hong Kong. Founded in 1862, it is one of the territory’s longest-established public utility companies and operates a piped town-gas business serving residential, commercial and industrial customers.
The company produces, distributes and supplies town gas through its Hong Kong network, supporting household cooking, water heating and other energy needs. It also provides related services and develops energy infrastructure, including gas-related engineering, project development and smart-energy solutions.
Through subsidiaries and investments, Towngas has expanded into mainland China and other businesses associated with city-gas distribution, water and environmental services, and renewable or lower-carbon energy.
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