Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $0.8216, but opened at $0.9048. Hong Kong & China Gas shares last traded at $0.9048, with a volume of 118 shares traded.
Analyst Ratings Changes
Separately, Zacks Research raised Hong Kong & China Gas to a “hold” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on HOKCY
Hong Kong & China Gas Price Performance
Institutional Trading of Hong Kong & China Gas
A hedge fund recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers raised its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Free Report) by 26.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.
About Hong Kong & China Gas
Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.
The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.
Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.
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