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Kenon (NYSE:KEN) Shares Cross Above 50 Day Moving Average - Should You Sell?

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Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $32.00 and traded as high as $32.27. Kenon shares last traded at $31.77, with a volume of 9,751 shares traded.

Kenon Price Performance

The company has a 50-day moving average of $31.98 and a 200 day moving average of $29.40. 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 stock has a market capitalization of $1.84 billion, a PE ratio of 10.67 and a beta of 1.33.

Institutional Trading of Kenon

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC grew its position in shares of Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock valued at $127,000 after purchasing an additional 4,445 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Kenon by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider's stock worth $212,000 after acquiring an additional 900 shares during the period. Anfield Capital Management LLC boosted its position in shares of Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 4,669 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Kenon in the third quarter valued at about $365,000. Finally, Norges Bank acquired a new stake in Kenon during the fourth quarter worth about $458,000. Institutional investors and hedge funds own 13.38% of the company's stock.

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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.

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