Korea Electric Power (NYSE:KEP) Shares Gap Down – What’s Next?

Korea Electric Power Co. (NYSE:KEP)’s share price gapped down prior to trading on Friday . The stock had previously closed at $7.98, but opened at $7.39. Korea Electric Power shares last traded at $7.42, with a volume of 39,171 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Korea Electric Power from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st.

Korea Electric Power Price Performance

The business has a fifty day moving average of $7.22 and a 200-day moving average of $7.69. The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The firm has a market cap of $9.37 billion, a PE ratio of 3.38 and a beta of 1.04.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Korea Electric Power in the 3rd quarter worth approximately $35,000. Atlas Capital Advisors Inc. raised its position in shares of Korea Electric Power by 443.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider’s stock worth $43,000 after buying an additional 5,151 shares in the last quarter. Wealthstream Advisors Inc. bought a new stake in Korea Electric Power during the fourth quarter valued at $71,000. XTX Topco Ltd bought a new position in Korea Electric Power in the 4th quarter worth about $78,000. Finally, Stifel Financial Corp purchased a new stake in shares of Korea Electric Power in the 3rd quarter valued at about $96,000.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.