Kenon (NYSE:KEN) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Kenon Holdings Ltd. (NYSE:KEN) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.88 and traded as high as $27.25. Kenon shares last traded at $27.09, with a volume of 3,373 shares trading hands.

Kenon Stock Up 1.3 %

The stock has a fifty day moving average price of $25.88 and a 200-day moving average price of $24.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.08 and a current ratio of 3.08. The firm has a market cap of $1.46 billion, a PE ratio of -6.56 and a beta of 1.46.

Kenon (NYSE:KEN) last posted its earnings results on Monday, September 9th. The utilities provider reported $0.02 earnings per share for the quarter. Kenon had a negative net margin of 10.61% and a negative return on equity of 9.48%. The business had revenue of $181.00 million for the quarter.

Institutional Investors Weigh In On Kenon

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in Kenon by 150.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 1,800 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Kenon in the 2nd quarter worth approximately $2,317,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Kenon during the second quarter worth $4,371,000. Institutional investors and hedge funds 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.