Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Down – Here’s Why

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped down before the market opened on Thursday . The stock had previously closed at $0.99, but opened at $0.92. Hong Kong & China Gas shares last traded at $0.92, with a volume of 730 shares.

Hong Kong & China Gas Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $0.86.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers boosted its position in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

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.