Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Down – Time to Sell?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares gapped down prior to trading on Friday . The stock had previously closed at $0.9360, but opened at $0.8415. Hong Kong & China Gas shares last traded at $0.8415, with a volume of 1,487 shares changing hands.

Hong Kong & China Gas Stock Down 10.1%

The stock has a 50-day simple moving average of $0.89 and a 200-day simple moving average of $0.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 0.67.

Hedge Funds Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position 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 filing with the SEC. The firm owned 131,441 shares of the company’s stock after purchasing 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 SEC.

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.