Hong Kong & China Gas (OTCMKTS:HOKCY) Stock Price Up 8.6% – Still a Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) rose 8.6% during trading on Thursday. The stock traded as high as $0.8799 and last traded at $0.8799. 200 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 14,152 shares. The stock had previously closed at $0.81.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on HOKCY

Hong Kong & China Gas Stock Performance

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

Hong Kong & China Gas Company Profile

(Get Free Report)

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.

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