Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – Should You Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $0.8775, but opened at $0.95. Hong Kong & China Gas shares last traded at $0.95, with a volume of 897 shares.

Hong Kong & China Gas Stock Down 11.0%

The business has a fifty day simple moving average of $0.88 and a 200 day simple moving average of $0.86. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.63.

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

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.