Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Up 7% – Still a Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares shot up 7% during trading on Friday . The stock traded as high as $0.8250 and last traded at $0.8250. 1,869 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 13,779 shares. The stock had previously closed at $0.7707.

Hong Kong & China Gas Trading Down 0.9%

The business’s fifty day simple moving average is $0.87 and its 200-day simple moving average is $0.89. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers increased its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 131,441 shares of the company’s stock after purchasing 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, 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.