Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) shares traded down 11.7% on Thursday. The stock traded as low as $0.83 and last traded at $0.83. Approximately 290 shares were traded during mid-day trading, a decline of 98% from the average session volume of 13,896 shares. The stock had previously closed at $0.94.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Hong Kong & China Gas to a “hold” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Hong Kong & China Gas presently has an average rating of “Hold”.
Check Out Our Latest Analysis on Hong Kong & China Gas
Hong Kong & China Gas Stock Down 1.6%
The stock’s fifty day simple moving average is $0.90 and its 200 day simple moving average is $0.88.
Hong Kong & China Gas Company Profile
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.
Read More
- Five stocks we like better than Hong Kong & China Gas
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
- The Factories Behind AI Servers Just Raised Their Outlooks—3 Contract Manufacturers to Watch
Receive News & Ratings for Hong Kong & China Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hong Kong & China Gas and related companies with MarketBeat.com's FREE daily email newsletter.
