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 Wednesday . The stock had previously closed at $0.7706, but opened at $0.8077. Hong Kong & China Gas shares last traded at $0.8077, with a volume of 782 shares traded.

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 stock’s 50-day moving average is $0.86 and its 200 day moving average is $0.88.

Hedge Funds Weigh In On Hong Kong & China Gas

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

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.