Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Up 10% – Time to Buy?

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) were up 10% on Monday . The company traded as high as $0.9150 and last traded at $0.9150. Approximately 2,004 shares were traded during trading, a decline of 78% from the average daily volume of 9,009 shares. The stock had previously closed at $0.8321.

Hong Kong & China Gas Price Performance

The firm’s fifty day moving average price is $0.91 and its 200-day moving average price is $0.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61.

Hedge Funds 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 shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 filing with the SEC.

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.