The Hong Kong and China Gas Co. (OTCMKTS:HOKCY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.35 and traded as high as $2.24. The Hong Kong and China Gas shares last traded at $2.21, with a volume of 63,492 shares.
Separately, ValuEngine raised The Hong Kong and China Gas from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.
An institutional investor recently raised its position in The Hong Kong and China Gas stock. Fulton Bank N.A. increased its stake in shares of The Hong Kong and China Gas Co. (OTCMKTS:HOKCY) by 75.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 23,247 shares of the company’s stock after purchasing an additional 10,005 shares during the quarter. Fulton Bank N.A.’s holdings in The Hong Kong and China Gas were worth $56,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.04% of the company’s stock.
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, and industrial and agricultural waste; and operation of natural gas refilling stations, piped city-gas projects, upstream and midstream developments, water and wastewater treatment projects, energy exploration and utilization ventures, and Aviation fuel facilities.
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