Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $31.39 and traded as high as $31.50. Kenon shares last traded at $31.55, with a volume of 8,753 shares traded.
Kenon Stock Performance
The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $31.46 and a 200 day moving average price of $28.42. The stock has a market cap of $1.76 billion, a PE ratio of 10.22 and a beta of 1.39.
Kenon (NYSE:KEN - Get Free Report) last posted its earnings results on Thursday, December 5th. The utilities provider reported $0.81 EPS for the quarter. Kenon had a net margin of 22.88% and a return on equity of 2.93%.
Hedge Funds Weigh In On Kenon
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in Kenon by 4,233.3% during the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock worth $127,000 after buying an additional 4,445 shares during the period. BNP Paribas Financial Markets grew its stake in Kenon by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider's stock valued at $212,000 after purchasing an additional 900 shares during the last quarter. Anfield Capital Management LLC grew its stake in Kenon by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock valued at $317,000 after purchasing an additional 4,669 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Kenon in the third quarter valued at about $365,000. Finally, Norges Bank purchased a new position in Kenon in the fourth quarter valued at about $458,000. 13.38% of the stock is currently owned by institutional investors.
Kenon Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Kenon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kenon wasn't on the list.
While Kenon currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
