Hong Kong & China Gas (OTCMKTS:HOKCY) Trading 8.8% Higher – Should You Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares rose 8.8% on Monday . The stock traded as high as $0.9456 and last traded at $0.9456. Approximately 101 shares changed hands during trading, a decline of 99% from the average daily volume of 18,618 shares. The stock had previously closed at $0.8694.

Hong Kong & China Gas Stock Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61. The firm’s 50-day simple moving average is $0.89 and its 200 day simple moving average is $0.86.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake 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 the company in its most recent Form 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 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.