Korea Electric Power (NYSE:KEP) Reaches New 1-Year Low – Here’s What Happened

Shares of Korea Electric Power Co. (NYSE:KEP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.69 and last traded at $6.69, with a volume of 283255 shares changing hands. The stock had previously closed at $6.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Korea Electric Power from a “hold” rating to a “buy” rating in a report on Thursday, December 5th.

Korea Electric Power Price Performance

The business has a fifty day moving average of $7.91 and a two-hundred day moving average of $7.66. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 3.09 and a beta of 1.00. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.24 and a current ratio of 0.43.

Hedge Funds Weigh In On Korea Electric Power

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in Korea Electric Power in the 3rd quarter valued at about $35,000. GAMMA Investing LLC lifted its holdings in Korea Electric Power by 114.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 3,386 shares during the last quarter. Stifel Financial Corp acquired a new position in Korea Electric Power in the 3rd quarter valued at $96,000. Atomi Financial Group Inc. increased its position in Korea Electric Power by 14.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 13,632 shares of the utilities provider’s stock worth $106,000 after buying an additional 1,704 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of Korea Electric Power during the third quarter worth $114,000.

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.