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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped down before the market opened on Wednesday . The stock had previously closed at $0.9207, but opened at $0.8549. Hong Kong & China Gas shares last traded at $0.93, with a volume of 210 shares trading hands.

Hong Kong & China Gas Price Performance

The business has a 50-day simple moving average of $0.89 and a two-hundred day simple moving average of $0.87. 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 Inflows and Outflows

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,441 shares of the company’s stock after acquiring an additional 27,860 shares during the quarter. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

About Hong Kong & China Gas

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.