Hong Kong and China Gas (OTCMKTS:HOKCY) Stock Price Passes Below Two Hundred Day Moving Average of $0.87

Shares of The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.87 and traded as low as $0.84. Hong Kong and China Gas shares last traded at $0.85, with a volume of 26,798 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised shares of Hong Kong and China Gas from an “underweight” rating to a “neutral” rating in a report on Tuesday, December 6th.

Hong Kong and China Gas Price Performance

The firm’s fifty day moving average is $0.92 and its two-hundred day moving average is $0.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.69 and a quick ratio of 0.59.

Institutional Investors Weigh In On Hong Kong and China Gas

An institutional investor recently raised its position in Hong Kong and China Gas stock. Yousif Capital Management LLC raised its holdings in The Hong Kong and China Gas Company Limited (OTCMKTS:HOKCY – Get Rating) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,747 shares of the company’s stock after acquiring an additional 25,760 shares during the quarter. Yousif Capital Management LLC’s holdings in Hong Kong and China Gas were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Hong Kong and China Gas Company Profile

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The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; conversion and utilization of biomass; agricultural waste; and operation of natural gas refilling stations, piped city-gas projects, upstream and midstream developments, photovoltaic projects, water and wastewater treatment projects, energy exploration and utilization ventures, and aviation fuel facilities.