Hong Kong & China Gas (OTCMKTS:HOKCY) Sees Large Volume Increase – Should You Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares saw unusually-high trading volume on Wednesday . Approximately 26,270 shares traded hands during trading, an increase of 164% from the previous session’s volume of 9,949 shares.The stock last traded at $0.9361 and had previously closed at $0.9148.

Hong Kong & China Gas Price Performance

The business’s fifty day moving average is $0.89 and its two-hundred day moving average is $0.87. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.63.

Hedge Funds Weigh In On Hong Kong & China Gas

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

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.