Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – What’s Next?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped up prior to trading on Wednesday . The stock had previously closed at $0.7965, but opened at $0.8744. Hong Kong & China Gas shares last traded at $0.8743, with a volume of 1,004 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Hong Kong & China Gas to a “hold” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Hong Kong & China Gas has a consensus rating of “Hold”.

Hong Kong & China Gas Trading Up 9.8%

The firm’s 50 day moving average is $0.85 and its 200-day moving average is $0.87. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.63.

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.