Kenon (NYSE:KEN) Shares Gap Down - Here's What Happened

Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $35.25, but opened at $33.89. Kenon shares last traded at $33.73, with a volume of 4,235 shares trading hands.

Kenon Price Performance

The stock has a 50 day simple moving average of $32.19 and a two-hundred day simple moving average of $29.78. The firm has a market cap of $1.73 billion, a PE ratio of 10.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78.

Institutional Investors Weigh In On Kenon

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in shares of Kenon during the 3rd quarter valued at about $1,136,000. Barclays PLC boosted its stake in Kenon by 4,233.3% during the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock worth $127,000 after purchasing an additional 4,445 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Kenon by 13.4% during the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider's stock worth $212,000 after buying an additional 900 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Kenon in the fourth quarter valued at about $746,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Kenon by 3.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,782,978 shares of the utilities provider's stock valued at $92,868,000 after buying an additional 88,762 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Kenon Company Profile

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.