Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Up 11.6% – Still a Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares shot up 11.6% during mid-day trading on Tuesday . The company traded as high as $0.99 and last traded at $0.99. 4,487 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 19,636 shares. The stock had previously closed at $0.8873.

Hong Kong & China Gas Price Performance

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its stake in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,441 shares of the company’s stock after acquiring 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.

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.