Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $0.90, but opened at $0.8353. Hong Kong & China Gas shares last traded at $0.8353, with a volume of 3,434 shares trading hands.
Hong Kong & China Gas Stock Performance
The business has a 50-day moving average of $0.89 and a two-hundred day moving average of $0.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.63.
Institutional Trading of Hong Kong & China Gas
A hedge fund recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers lifted its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% in the first quarter, according to its most recent Form 13F filing with the Securities and 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 reporting period.
Hong Kong & China Gas Company Profile
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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