ValuEngine lowered shares of Kenon (NYSE:KEN) from a hold rating to a sell rating in a research note published on Friday morning, ValuEngine reports.
Separately, TheStreet downgraded Kenon from a c- rating to a d rating in a research report on Friday, September 13th.
KEN stock traded down $0.22 during midday trading on Friday, reaching $20.78. The stock had a trading volume of 1,014 shares, compared to its average volume of 938. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.22 and a current ratio of 3.22. The firm has a fifty day simple moving average of $20.28 and a two-hundred day simple moving average of $20.19. Kenon has a 52-week low of $13.67 and a 52-week high of $21.70.
Kenon (NYSE:KEN) last issued its earnings results on Tuesday, September 3rd. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $85.00 million during the quarter. Kenon had a negative return on equity of 12.60% and a negative net margin of 28.19%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Kenon by 103.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,675 shares of the utilities provider’s stock valued at $78,000 after acquiring an additional 1,873 shares during the period. Jane Street Group LLC acquired a new stake in shares of Kenon during the 2nd quarter valued at about $250,000. Swiss National Bank grew its position in shares of Kenon by 41.3% during the 2nd quarter. Swiss National Bank now owns 40,061 shares of the utilities provider’s stock valued at $848,000 after acquiring an additional 11,704 shares during the period. Altshuler Shaham Ltd grew its position in shares of Kenon by 22.0% during the 2nd quarter. Altshuler Shaham Ltd now owns 221,072 shares of the utilities provider’s stock valued at $4,728,000 after acquiring an additional 39,861 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Kenon by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 393,564 shares of the utilities provider’s stock valued at $8,462,000 after acquiring an additional 16,893 shares during the period. 1.82% of the stock is currently owned by institutional investors.
Kenon Holdings Ltd., through its subsidiaries, owns, develops, and operates power generation facilities in Israel. It operates through OPC, Qoros, and Other segments. The company's power generation plants operate on natural gas and diesel. It also designs, manufactures, sells, and services passenger vehicles, parts, and accessories through a network of independent authorized retail dealers in China.
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