Korea Electric Power (NYSE:KEP) Shares Gap Down - Should You Sell?

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $13.74, but opened at $13.06. Korea Electric Power shares last traded at $13.20, with a volume of 44,190 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Korea Electric Power from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th.

Korea Electric Power Stock Performance

The company has a debt-to-equity ratio of 2.09, a current ratio of 0.47 and a quick ratio of 0.32. The company has a 50 day simple moving average of $10.72 and a 200-day simple moving average of $8.59. The stock has a market capitalization of $16.96 billion, a P/E ratio of 4.52 and a beta of 0.93.

Korea Electric Power (NYSE:KEP - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.35. The business had revenue of $16.67 billion for the quarter, compared to analysts' expectations of $17.04 billion. Korea Electric Power had a return on equity of 13.16% and a net margin of 5.53%.

Institutional Trading of Korea Electric Power

A number of institutional investors have recently modified their holdings of KEP. PNC Financial Services Group Inc. raised its stake in shares of Korea Electric Power by 4.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider's stock valued at $364,000 after purchasing an additional 2,029 shares during the period. Compound Planning Inc. grew its holdings in Korea Electric Power by 14.7% during the 1st quarter. Compound Planning Inc. now owns 16,105 shares of the utilities provider's stock valued at $119,000 after buying an additional 2,065 shares in the last quarter. Stifel Financial Corp increased its position in shares of Korea Electric Power by 19.0% during the fourth quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider's stock valued at $101,000 after buying an additional 2,350 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Korea Electric Power by 14.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider's stock worth $133,000 after buying an additional 2,392 shares in the last quarter. Finally, PDS Planning Inc boosted its position in shares of Korea Electric Power by 10.2% in the first quarter. PDS Planning Inc now owns 26,817 shares of the utilities provider's stock valued at $199,000 after acquiring an additional 2,473 shares during the period.

Korea Electric Power Company Profile

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.