Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.98 and traded as high as $49.04. Kenon shares last traded at $48.94, with a volume of 5,228 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Kenon in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".
View Our Latest Stock Analysis on Kenon
Kenon Stock Performance
The company has a debt-to-equity ratio of 0.50, a current ratio of 4.33 and a quick ratio of 4.33. The company has a 50 day simple moving average of $45.32 and a 200-day simple moving average of $39.98. The stock has a market cap of $2.55 billion, a P/E ratio of 15.29 and a beta of 1.18.
Kenon (NYSE:KEN - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter. Kenon had a negative return on equity of 2.32% and a net margin of 63.80%.The firm had revenue of $196.00 million during the quarter.
Institutional Investors Weigh In On Kenon
Several hedge funds have recently added to or reduced their stakes in KEN. Raymond James Financial Inc. bought a new stake in Kenon during the second quarter worth about $32,000. Jane Street Group LLC bought a new stake in shares of Kenon in the 1st quarter valued at about $254,000. Tidal Investments LLC bought a new stake in shares of Kenon in the 2nd quarter valued at about $256,000. BNP Paribas Financial Markets lifted its stake in shares of Kenon by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider's stock valued at $378,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Kenon in the 2nd quarter valued at about $502,000. 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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