Korea Electric Power (NYSE:KEP) Shares Gap Down - Time to Sell?

Key Points

• Korea Electric Power Corporation's stock price gapped down from $14.09 to $13.67 prior to trading, last trading at $13.72 with a volume of 35,883 shares.
• Analysts at Wall Street Zen downgraded Korea Electric Power from a "strong-buy" to a "buy" rating on August 16th.
• The company reported $1.25 EPS in its last earnings, outperforming the consensus estimate by $0.35, despite revenue falling short of expectations at $16.67 billion.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $14.09, but opened at $13.67. Korea Electric Power shares last traded at $13.72, with a volume of 35,883 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Korea Electric Power from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th.

Korea Electric Power Price Performance

The company has a quick ratio of 0.32, a current ratio of 0.47 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 4.70 and a beta of 0.94. The stock's 50 day moving average price is $13.70 and its two-hundred day moving average price is $10.84.

Korea Electric Power (NYSE:KEP - Get Free Report) last posted its earnings results on Tuesday, June 17th. The utilities provider reported $1.25 EPS for the quarter, topping the consensus estimate of $0.90 by $0.35. The firm had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $17.04 billion. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Korea Electric Power by 0.7% in the second quarter. Rhumbline Advisers now owns 163,208 shares of the utilities provider's stock valued at $2,324,000 after acquiring an additional 1,182 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Korea Electric Power by 204.3% in the second quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 1,851 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Korea Electric Power by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider's stock valued at $364,000 after acquiring an additional 2,029 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Korea Electric Power by 14.7% in the first quarter. Compound Planning Inc. now owns 16,105 shares of the utilities provider's stock valued at $119,000 after acquiring an additional 2,065 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Korea Electric Power by 21.4% in the second quarter. Coldstream Capital Management Inc. now owns 12,105 shares of the utilities provider's stock valued at $172,000 after acquiring an additional 2,133 shares during the last quarter.

About Korea Electric Power

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.

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