Hong Kong & China Gas (OTCMKTS:HOKCY) Sees Large Volume Increase – Still a Buy?

Hong Kong & China Gas Co. (OTCMKTS:HOKCY) shares saw an uptick in trading volume on Thursday . Approximately 64,874 shares changed hands during mid-day trading, an increase of 445% from the previous session’s volume of 11,893 shares.The stock last traded at $0.8045 and had previously closed at $0.8980.

Hong Kong & China Gas Stock Performance

The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $0.89.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers boosted its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,441 shares of the company’s stock after buying an additional 27,860 shares during the quarter. 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.