Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Down – Here’s Why

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped down prior to trading on Thursday . The stock had previously closed at $0.99, but opened at $0.92. Hong Kong & China Gas shares last traded at $0.92, with a volume of 730 shares trading hands.

Hong Kong & China Gas Trading Down 7.1%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a fifty day moving average price of $0.87 and a 200 day moving average price of $0.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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.

About Hong Kong & China Gas

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.