Hong Kong & China Gas (OTCMKTS:HOKCY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw unusually-strong trading volume on Wednesday . Approximately 44,871 shares were traded during mid-day trading, an increase of 441% from the previous session’s volume of 8,300 shares.The stock last traded at $0.93 and had previously closed at $0.91.

Hong Kong & China Gas Trading Up 2.2%

The firm’s 50-day moving average is $0.89 and its 200 day moving average is $0.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.63 and a quick ratio of 0.55.

Institutional Investors Weigh In On Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,441 shares of the company’s stock after buying 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.

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.