Shares of Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $25.28 and traded as high as $26.55. Kenon shares last traded at $26.46, with a volume of 2,674 shares trading hands.
Kenon Stock Up 0.5 %
The business has a fifty day moving average of $25.30 and a 200 day moving average of $24.63. The company has a market capitalization of $1.44 billion, a PE ratio of -6.45 and a beta of 1.46. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.69.
Kenon (NYSE:KEN - Get Free Report) last posted its quarterly earnings results on Monday, September 9th. The utilities provider reported $0.02 earnings per share for the quarter. Kenon had a negative return on equity of 9.48% and a negative net margin of 10.61%. The company had revenue of $181.00 million for the quarter.
Institutional Trading of Kenon
Several hedge funds and other institutional investors have recently made changes to their positions in KEN. Scarborough Advisors LLC purchased a new stake in Kenon in the 4th quarter valued at about $39,000. BNP Paribas Financial Markets raised its stake in shares of Kenon by 150.0% during the first quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider's stock valued at $80,000 after purchasing an additional 1,800 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Kenon during the second quarter worth $2,317,000. Finally, Y.D. More Investments Ltd purchased a new stake in Kenon during the 2nd quarter worth $4,371,000. Hedge funds and other institutional investors own 13.38% of the company's stock.
About Kenon
(
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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