Kenon (NYSE:KEN) Shares Gap Down – Should You Sell?

Kenon Holdings Ltd. (NYSE:KEN)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $33.10, but opened at $31.91. Kenon shares last traded at $31.74, with a volume of 5,006 shares.

Kenon Trading Down 0.4 %

The stock has a market cap of $1.72 billion, a P/E ratio of 9.97 and a beta of 1.41. The business’s 50 day simple moving average is $30.99 and its 200 day simple moving average is $27.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78.

Kenon (NYSE:KEN) last posted its earnings results on Thursday, December 5th. The utilities provider reported $0.81 EPS for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.

Hedge Funds Weigh In On Kenon

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Kenon by 4,233.3% during the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after buying an additional 4,445 shares in the last quarter. BNP Paribas Financial Markets grew its position in Kenon by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after acquiring an additional 900 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Kenon during the 3rd quarter worth approximately $365,000. CWA Asset Management Group LLC acquired a new stake in Kenon during the 3rd quarter valued at $504,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Kenon in the fourth quarter worth $746,000. 13.38% of the stock is 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.