Hong Kong & China Gas (OTCMKTS:HOKCY) Sets New 1-Year High – Here’s What Happened

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) reached a new 52-week high during trading on Saturday . The stock traded as high as $1.01 and last traded at $1.01, with a volume of 5624 shares trading hands. The stock had previously closed at $0.95.

Wall Street Analysts Forecast Growth

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

Hong Kong & China Gas Trading Up 6.3%

The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $0.84 and a 200 day moving average price of $0.88.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its stake 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 Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

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.