Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – Here’s What Happened

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped up prior to trading on Friday . The stock had previously closed at $0.91, but opened at $0.96. Hong Kong & China Gas shares last traded at $0.96, with a volume of 678 shares.

Analyst Upgrades and Downgrades

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

Hong Kong & China Gas Trading Up 6.3%

The business’s fifty day moving average is $0.84 and its 200-day moving average is $0.88. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its stake in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to the company in its most recent 13F filing with the 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 quarter.

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.