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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $0.84, but opened at $0.9432. Hong Kong & China Gas shares last traded at $0.9432, with a volume of 5,894 shares traded.

Hong Kong & China Gas Trading Up 1.4%

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

Institutional Investors Weigh In On Hong Kong & China Gas

A hedge fund recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its holdings in 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 fund owned 131,441 shares of the company’s stock after purchasing an additional 27,860 shares during the period. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 as of its most recent SEC filing.

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.