Kenon (NYSE:KEN) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Kenon Holdings Ltd. (NYSE:KEN)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $31.65 and traded as high as $33.52. Kenon shares last traded at $33.34, with a volume of 11,190 shares trading hands.

Kenon Trading Down 1.8 %

The stock has a market capitalization of $1.80 billion, a PE ratio of 10.42 and a beta of 1.39. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $31.65 and a 200-day moving average price of $28.61.

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

Institutional Trading of Kenon

Large investors have recently modified their holdings of the business. CWA Asset Management Group LLC bought a new stake in Kenon during the third quarter worth about $504,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Kenon by 3.7% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,694,216 shares of the utilities provider’s stock valued at $76,251,000 after purchasing an additional 97,256 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Kenon by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock valued at $212,000 after buying an additional 900 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Kenon in the 3rd quarter worth approximately $365,000. Finally, Barclays PLC boosted its stake in Kenon by 4,233.3% in 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. Institutional investors own 13.38% of the company’s stock.

About Kenon

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.