Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.88 and traded as high as $27.25. Kenon shares last traded at $27.09, with a volume of 3,373 shares trading hands.
Kenon Stock Down 0.1 %
The business's 50 day moving average price is $25.93 and its 200-day moving average price is $24.72. The firm has a market capitalization of $1.46 billion, a PE ratio of -18.78 and a beta of 1.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.08 and a current ratio of 3.08.
Kenon (NYSE:KEN - Get Free Report) last announced its earnings results on Monday, September 9th. The utilities provider reported $0.02 earnings per share for the quarter. Kenon had a negative net margin of 10.61% and a negative return on equity of 9.48%. The firm had revenue of $181.00 million for the quarter.
Institutional Investors Weigh In On Kenon
Several large investors have recently added to or reduced their stakes in KEN. Y.D. More Investments Ltd purchased a new stake in shares of Kenon in the 2nd quarter valued at approximately $4,371,000. Assenagon Asset Management S.A. purchased a new stake in shares of Kenon in the 2nd quarter valued at approximately $2,317,000. Finally, BNP Paribas Financial Markets increased its position in shares of Kenon by 150.0% in the 1st 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 last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.
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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