Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) shot up 8.6% during trading on Thursday. The company traded as high as $0.8799 and last traded at $0.8799. Approximately 200 shares changed hands during trading, a decline of 99% from the average session volume of 14,152 shares. The stock had previously closed at $0.81.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Hong Kong & China Gas to a “hold” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Check Out Our Latest Research Report on HOKCY
Hong Kong & China Gas Stock Up 1.1%
The firm has a 50 day moving average price of $0.89 and a two-hundred day moving average price of $0.87.
About Hong Kong & China Gas
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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