Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – Should You Buy?

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped up before the market opened on Friday . The stock had previously closed at $0.91, but opened at $0.96. Hong Kong & China Gas shares last traded at $0.96, with a volume of 678 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Hong Kong & China Gas to a “hold” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Hong Kong & China Gas Stock Performance

The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average is $0.84 and its 200 day moving average is $0.88.

Hedge Funds Weigh In On Hong Kong & China Gas

An institutional investor recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers increased its holdings in 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 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 at the end of the most recent reporting period.

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.