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

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped down prior to trading on Thursday . The stock had previously closed at $0.8950, but opened at $0.8537. Hong Kong & China Gas shares last traded at $0.8775, with a volume of 5,821 shares.

Hong Kong & China Gas Price Performance

The business’s 50 day simple moving average is $0.88 and its 200-day simple moving average is $0.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 0.67.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

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.