KT (NYSE:KT) Stock Passes Above 200 Day Moving Average - Here's Why

KT Co. (NYSE:KT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.12 and traded as high as $15.80. KT shares last traded at $15.66, with a volume of 1,204,679 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. New Street Research raised shares of KT to a "strong-buy" rating in a report on Monday, September 9th. StockNews.com upgraded KT from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 16th.

KT Stock Up 0.7 %

The company's fifty day simple moving average is $16.17 and its 200 day simple moving average is $15.12. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $8.14 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.19 and a beta of 0.95.

Institutional Trading of KT

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC increased its stake in KT by 3,915.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company's stock valued at $70,000 after purchasing an additional 4,464 shares in the last quarter. GAMMA Investing LLC boosted its holdings in KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after purchasing an additional 2,902 shares during the last quarter. MML Investors Services LLC purchased a new stake in KT during the 3rd quarter valued at $160,000. Private Advisor Group LLC bought a new position in KT in the third quarter valued at about $164,000. Finally, Centiva Capital LP bought a new position in shares of KT in the 3rd quarter worth approximately $191,000. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.