Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Down 7.5% – Here’s What Happened

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) traded down 7.5% during mid-day trading on Tuesday . The company traded as low as $0.8057 and last traded at $0.8429. 1,931 shares were traded during trading, a decline of 89% from the average session volume of 17,779 shares. The stock had previously closed at $0.9115.

Hong Kong & China Gas Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $0.89 and a two-hundred day moving average price of $0.86.

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its stake 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 Securities & Exchange Commission. The firm owned 131,441 shares of the company’s stock after buying an additional 27,860 shares during the period. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent reporting period.

About Hong Kong & China Gas

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.