Hong Kong & China Gas (OTCMKTS:HOKCY) Trading 11.6% Higher – Time to Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY)’s stock price was up 11.6% during trading on Tuesday . The stock traded as high as $0.99 and last traded at $0.99. Approximately 4,487 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 19,636 shares. The stock had previously closed at $0.8873.

Hong Kong & China Gas Price Performance

The company’s 50-day moving average price is $0.86 and its 200 day moving average price is $0.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.67 and a quick ratio of 0.61.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake 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 first quarter, according to its most recent filing with the SEC. The firm owned 131,441 shares of the company’s stock after acquiring 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.

About Hong Kong & China Gas

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of smart energy, piped city-gas, upstream and midstream projects, water supply and wastewater treatment, urban waste resource utilization, and natural gas filling stations, as well as new energy exploration and utilization activities.