Korea Electric Power (NYSE:KEP) Shares Gap Down - Here's Why

Korea Electric Power Co. (NYSE:KEP - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.41, but opened at $7.19. Korea Electric Power shares last traded at $7.30, with a volume of 49,213 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Korea Electric Power from a "buy" rating to a "hold" rating in a research note on Thursday.

Korea Electric Power Stock Down 1.7 %

The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 3.36 and a beta of 0.99. The firm's fifty day moving average is $7.48 and its 200-day moving average is $7.62.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%. The company had revenue of $16.82 billion during the quarter, compared to the consensus estimate of $17.04 billion.

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Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors have recently made changes to their positions in KEP. Wilmington Savings Fund Society FSB acquired a new position in Korea Electric Power in the third quarter worth $35,000. Atlas Capital Advisors Inc. grew its position in shares of Korea Electric Power by 443.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider's stock valued at $43,000 after buying an additional 5,151 shares during the last quarter. Wealthstream Advisors Inc. acquired a new stake in Korea Electric Power during the fourth quarter worth about $71,000. XTX Topco Ltd acquired a new stake in Korea Electric Power during the fourth quarter worth about $78,000. Finally, Vise Technologies Inc. bought a new position in Korea Electric Power in the fourth quarter worth about $89,000.

Korea Electric Power Company Profile

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.