Shares of The Hong Kong and China Gas Co. (OTCMKTS:HOKCY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $2.49 and last traded at $2.49, with a volume of 2053520 shares. The stock had previously closed at $2.46.
Separately, ValuEngine raised shares of The Hong Kong and China Gas from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.
A hedge fund recently raised its stake in The Hong Kong and China Gas stock. Fulton Bank N.A. boosted its stake in shares of The Hong Kong and China Gas Co. (OTCMKTS:HOKCY) by 75.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 23,247 shares of the company’s stock after acquiring an additional 10,005 shares during the period. 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. 0.05% of the stock is currently owned by hedge funds and other institutional investors.
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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