Kenon (NYSE:KEN) Share Price Crosses Below 50 Day Moving Average of $24.22

Kenon Holdings Ltd. (NYSE:KENGet Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.22 and traded as low as $23.36. Kenon shares last traded at $23.36, with a volume of 5,087 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Kenon from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st.

View Our Latest Stock Analysis on KEN

Kenon Stock Down 1.4 %

The firm has a 50-day moving average price of $24.22 and a two-hundred day moving average price of $23.22. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.26 billion, a P/E ratio of -1.16 and a beta of 1.46.

Kenon (NYSE:KENGet Free Report) last issued its earnings results on Wednesday, November 29th. The utilities provider reported ($3.83) EPS for the quarter. The firm had revenue of $229.00 million during the quarter. Kenon had a negative net margin of 158.22% and a negative return on equity of 48.50%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KEN. JPMorgan Chase & Co. raised its stake in shares of Kenon by 353.1% in the first quarter. JPMorgan Chase & Co. now owns 84,412 shares of the utilities provider’s stock valued at $5,733,000 after purchasing an additional 65,783 shares in the last quarter. Raymond James & Associates raised its stake in shares of Kenon by 16.0% in the first quarter. Raymond James & Associates now owns 7,260 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 1,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Kenon during the first quarter worth $807,000. Citigroup Inc. raised its stake in Kenon by 29.0% during the first quarter. Citigroup Inc. now owns 3,691 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 829 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Kenon during the first quarter worth $241,000. 14.83% of the stock is currently owned by institutional investors and hedge funds.

Kenon Company Profile

(Get Free Report)

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.

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