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

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) gapped up before the market opened on Thursday . The stock had previously closed at $0.8235, but opened at $0.8794. Hong Kong & China Gas shares last traded at $0.8662, with a volume of 740 shares trading hands.

Hong Kong & China Gas Trading Up 6.8%

The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average price is $0.89 and its 200 day moving average price is $0.86.

Hedge Funds Weigh In On Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers boosted its stake 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 & Exchange Commission. The institutional investor owned 131,441 shares of the company’s stock after buying 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 reporting period.

Hong Kong & China Gas Company Profile

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.