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

KT Co. (NYSE:KT) gapped down prior to trading on Thursday . The stock had previously closed at $15.33, but opened at $14.81. KT shares last traded at $14.92, with a volume of 45,679 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on KT shares. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday. New Street Research raised KT to a “strong-buy” rating in a research note on Monday, September 9th.

KT Price Performance

The company has a market cap of $7.85 billion, a P/E ratio of 9.28, a PEG ratio of 1.12 and a beta of 0.90. The firm’s 50-day moving average is $15.46 and its two-hundred day moving average is $14.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.01.

KT (NYSE:KT) last posted its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. The firm had revenue of $4.77 billion for the quarter. Analysts anticipate that KT Co. will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KT. PDS Planning Inc grew its stake in shares of KT by 6.2% during the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock valued at $282,000 after buying an additional 1,065 shares during the last quarter. Dimensional Fund Advisors LP grew its position in KT by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock valued at $5,021,000 after acquiring an additional 1,244 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,264 shares during the period. Legacy Capital Group California Inc. lifted its position in shares of KT by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,403 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of KT by 5.6% during the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock valued at $433,000 after purchasing an additional 1,487 shares during the period. 18.86% of the stock is owned by hedge funds and other institutional investors.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.