The Hong Kong and China Gas (OTCMKTS:HOKCY) Lifted to Hold at ValuEngine

The Hong Kong and China Gas (OTCMKTS:HOKCY) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

Separately, Goldman Sachs Group cut The Hong Kong and China Gas from a “neutral” rating to a “sell” rating in a report on Tuesday, October 29th.

Shares of OTCMKTS:HOKCY opened at $1.90 on Thursday. The business has a fifty day moving average of $1.91 and a two-hundred day moving average of $2.14. The Hong Kong and China Gas has a 52-week low of $1.85 and a 52-week high of $2.56.

An institutional investor recently raised its position in The Hong Kong and China Gas stock. Fulton Bank N.A. increased its position in shares of The Hong Kong and China Gas Co. (OTCMKTS:HOKCY) by 20.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the company’s stock after acquiring an additional 4,753 shares during the period. Fulton Bank N.A.’s holdings in The Hong Kong and China Gas were worth $63,000 at the end of the most recent quarter. 0.05% of the stock is owned by institutional investors.

About The Hong Kong and China Gas

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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