Kenon (NYSE:KEN) Sees Large Volume Increase – Should You Buy?

Shares of Kenon Holdings Ltd. (NYSE:KEN) saw unusually-strong trading volume on Friday . Approximately 17,639 shares traded hands during mid-day trading, a decline of 0% from the previous session’s volume of 17,660 shares.The stock last traded at $31.82 and had previously closed at $32.24.

Kenon Trading Down 2.6 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.81 and a beta of 1.44. The business has a fifty day moving average price of $29.79 and a 200 day moving average price of $26.95.

Institutional Trading of Kenon

A number of large investors have recently bought and sold shares of KEN. Y.D. More Investments Ltd acquired a new position in shares of Kenon during the second quarter valued at $4,371,000. CWA Asset Management Group LLC bought a new stake in shares of Kenon in the third quarter worth about $504,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Kenon by 3.7% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,694,216 shares of the utilities provider’s stock valued at $76,251,000 after buying an additional 97,256 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Kenon by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 900 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Kenon during the third quarter worth about $365,000. 13.38% of the stock is currently owned by institutional investors.

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.