Hong Kong & China Gas (OTCMKTS:HOKCY) Trading Down 5% - Here's Why

Key Points

• The stock traded down 5% to $0.8645 on Monday and saw just 405 shares change hands, roughly a 95% drop from its average session volume of 8,618 shares.
• Rhumbline Advisers increased its position by 26.9%, holding 131,441 shares of Hong Kong & China Gas, valued at about $107,000 in the latest 13F filing.
• Towngas (Hong Kong & China Gas) is a long-established utility (founded 1862) that produces, transmits and distributes town gas and LPG and provides related appliances and services.

Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Get Free Report)'s stock price traded down 5% on Monday . The stock traded as low as $0.8645 and last traded at $0.8645. 405 shares were traded during trading, a decline of 95% from the average session volume of 8,618 shares. The stock had previously closed at $0.91.

Hong Kong & China Gas Stock Down 5.0%

The stock has a 50-day simple moving average of $0.90 and a 200 day simple moving average of $0.88.

Institutional Trading of Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers grew its position in Hong Kong & China Gas Co. (OTCMKTS:HOKCY - Free Report) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 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.

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