Hong Kong & China Gas (OTCMKTS:HOKCY) Reaches New 52-Week High – Should You Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $1.01 and last traded at $1.01, with a volume of 5624 shares changing hands. The stock had previously closed at $0.95.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Hong Kong & China Gas to a “hold” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Hong Kong & China Gas presently has an average rating of “Hold”.

Hong Kong & China Gas Stock Up 6.3%

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 stock has a 50-day simple moving average of $0.84 and a 200 day simple moving average of $0.88.

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers boosted its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,441 shares of the company’s stock after buying an additional 27,860 shares during the period. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

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.