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

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw an uptick in trading volume on Wednesday . 44,871 shares were traded during mid-day trading, an increase of 441% from the previous session’s volume of 8,300 shares.The stock last traded at $0.93 and had previously closed at $0.91.

Hong Kong & China Gas Stock Performance

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

Institutional Investors Weigh In On Hong Kong & China Gas

An institutional investor recently raised its position in Hong Kong & China Gas stock. Rhumbline Advisers grew its stake in Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,441 shares of the company’s stock after acquiring 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 quarter.

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.