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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $0.8008, but opened at $0.8705. Hong Kong & China Gas shares last traded at $0.8705, with a volume of 107 shares traded.

Hong Kong & China Gas Stock Up 8.6%

The company’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $0.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 and Exchange Commission (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.