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

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw unusually-high trading volume on Friday . Approximately 22,184 shares were traded during trading, an increase of 138% from the previous session’s volume of 9,313 shares.The stock last traded at $0.93 and had previously closed at $0.8721.

Hong Kong & China Gas Stock Down 7.3%

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 stock’s fifty day moving average is $0.90 and its two-hundred day moving average is $0.90.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers raised its holdings in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% in the first quarter, according to its most recent Form 13F filing with the SEC. 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 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.