Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Down 6.6% – Time to Sell?

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) dropped 6.6% during mid-day trading on Tuesday . The stock traded as low as $0.84 and last traded at $0.84. Approximately 1,010 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 18,929 shares. The stock had previously closed at $0.8997.

Hong Kong & China Gas Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61. The stock’s 50-day moving average is $0.88 and its 200 day moving average is $0.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers boosted its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,441 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

About Hong Kong & China Gas

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.