Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,550 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 49,086 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Hong Kong & China Gas Stock Performance
Hong Kong & China Gas stock opened at $0.79 on Thursday. The firm has a 50 day simple moving average of $0.85 and a 200-day simple moving average of $0.87. Hong Kong & China Gas has a 1-year low of $0.77 and a 1-year high of $1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.63 and a quick ratio of 0.55.
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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Hong Kong & China Gas currently has a consensus rating of “Hold”.
Hong Kong & China Gas Company Profile
Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.
The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.
Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.
Featured Stories
- Five stocks we like better than Hong Kong & China Gas
- IonQ and NVIDIA Just Cracked a Major Quantum Computing Bottleneck
- This Gold ETF Turns a Non-Yielding Asset Into Monthly Income—But There’s a Catch
- Analysts See Double-Digit Upside for These 3 Stocks
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
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.
