Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) were up 8.4% on Wednesday . The company traded as high as $0.90 and last traded at $0.8779. Approximately 2,028 shares were traded during trading, a decline of 83% from the average session volume of 11,992 shares. The stock had previously closed at $0.81.
Hong Kong & China Gas Price Performance
The company has a debt-to-equity ratio of 0.61, a current ratio of 0.63 and a quick ratio of 0.55. The company has a 50-day simple moving average of $0.89 and a 200-day simple moving average of $0.89.
Hedge Funds Weigh In On Hong Kong & China Gas
A hedge fund recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its stake in 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 & Exchange Commission. The institutional investor 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 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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