Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report)’s stock price traded down 9.6% during mid-day trading on Tuesday . The stock traded as low as $0.8950 and last traded at $0.8950. Approximately 1,353 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 14,550 shares. The stock had previously closed at $0.99.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Hong Kong & China Gas to a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Report on HOKCY
Hong Kong & China Gas Stock Performance
Institutional Inflows and Outflows
An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,441 shares of the company’s stock after acquiring an additional 27,860 shares during the quarter. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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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