Hong Kong & China Gas (OTCMKTS:HOKCY) Shares Gap Up – Time to Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares gapped up prior to trading on Thursday . The stock had previously closed at $0.82, but opened at $0.91. Hong Kong & China Gas shares last traded at $0.91, with a volume of 302 shares changing hands.

Hong Kong & China Gas Trading Down 2.1%

The stock has a 50-day moving average of $0.89 and a 200 day moving average of $0.86. 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

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,441 shares of the company’s stock after acquiring 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 SEC filing.

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.