Kenon (NYSE:KEN) Shares Gap Down to $26.23

Kenon Holdings Ltd. (NYSE:KEN)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $26.23, but opened at $25.70. Kenon shares last traded at $25.70, with a volume of 5,091 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Kenon from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th.

Kenon Trading Down 0.6 %

The stock’s 50-day simple moving average is $25.06 and its 200-day simple moving average is $24.44. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.74.

Kenon (NYSE:KEN) last issued its quarterly earnings results on Monday, June 3rd. The utilities provider reported $0.15 earnings per share for the quarter. Kenon had a negative net margin of 30.60% and a negative return on equity of 10.64%. The company had revenue of $174.00 million during the quarter.

Institutional Trading of Kenon

Several institutional investors have recently modified their holdings of the business. Scarborough Advisors LLC acquired a new stake in Kenon in the fourth quarter valued at approximately $39,000. BNP Paribas Financial Markets lifted its position in shares of Kenon by 150.0% during the first quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 1,800 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Kenon in the fourth quarter valued at approximately $214,000. Assenagon Asset Management S.A. bought a new stake in Kenon during the second quarter valued at $2,317,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Kenon by 3.3% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,371,960 shares of the utilities provider’s stock valued at $57,746,000 after purchasing an additional 75,892 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

Kenon Company Profile

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.