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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw an uptick in trading volume on Tuesday . Approximately 78,435 shares traded hands during trading, an increase of 512% from the previous session’s volume of 12,808 shares.The stock last traded at $0.79 and had previously closed at $0.7797.

Hong Kong & China Gas Stock Performance

The company has a fifty day moving average price of $0.88 and a 200-day moving average price of $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 Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 Securities & Exchange Commission.

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.