Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – What’s Next?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $0.81, but opened at $0.88. Hong Kong & China Gas shares last traded at $0.88, with a volume of 6,106 shares trading hands.

Analysts Set New Price Targets

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

Hong Kong & China Gas Trading Up 9.4%

The company’s 50-day simple moving average is $0.88 and its two-hundred day simple moving average is $0.87.

About Hong Kong & China Gas

Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy utility and infrastructure company. Founded in 1862, it is one of Hong Kong’s longest-established public utilities and supplies piped gas to residential, commercial and industrial customers across the city.

The company develops and operates gas production, transmission and distribution infrastructure and provides related services, including gas appliance sales, installation and maintenance.