Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Up 9.9% – Time to Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s share price shot up 9.9% on Thursday . The stock traded as high as $0.8751 and last traded at $0.8751. 169 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 14,178 shares. The stock had previously closed at $0.7965.

Analyst Ratings Changes

Separately, Zacks Research upgraded Hong Kong & China Gas to a “hold” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Hong Kong & China Gas presently has an average rating of “Hold”.

Hong Kong & China Gas Price 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 business has a fifty day moving average of $0.85 and a 200 day moving average of $0.87.

Hong Kong & China Gas Company Profile

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.

The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.

Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.