Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Down 5.3% – Here’s Why

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s share price fell 5.3% during trading on Tuesday . The stock traded as low as $0.90 and last traded at $0.90. 1,144 shares were traded during trading, a decline of 87% from the average session volume of 9,149 shares. The stock had previously closed at $0.95.

Hong Kong & China Gas Stock Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.63. The company has a 50 day moving average of $0.89 and a 200 day moving average of $0.90.

Institutional Trading of Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers raised its position 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 (SEC). The firm 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, 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.