Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $39.16 and traded as high as $49.99. Kenon shares last traded at $49.46, with a volume of 44,292 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Kenon from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.
Read Our Latest Analysis on Kenon
Kenon Trading Down 1.3%
The business has a 50 day moving average of $39.77 and a 200-day moving average of $34.54. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.51 billion, a P/E ratio of 15.04 and a beta of 1.16.
Kenon (NYSE:KEN - Get Free Report) last posted its earnings results on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter. Kenon had a negative return on equity of 2.64% and a net margin of 79.14%. The business had revenue of $183.00 million during the quarter.
Hedge Funds Weigh In On Kenon
Several hedge funds have recently made changes to their positions in KEN. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Kenon by 9.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,046,978 shares of the utilities provider's stock worth $96,048,000 after acquiring an additional 264,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Kenon by 327.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider's stock valued at $3,920,000 after buying an additional 93,896 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Kenon in the 2nd quarter valued at approximately $3,467,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Kenon by 11.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider's stock valued at $14,214,000 after buying an additional 43,694 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Kenon in the 4th quarter valued at approximately $998,000. 13.38% of the stock is owned by 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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