Korea Electric Power (NYSE:KEP) Hits New 1-Year Low – Time to Sell?

Shares of Korea Electric Power Co. (NYSE:KEP) reached a new 52-week low during trading on Thursday . The stock traded as low as $6.69 and last traded at $6.69, with a volume of 283255 shares changing hands. The stock had previously closed at $6.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th.

Korea Electric Power Trading Up 2.7 %

The company has a current ratio of 0.43, a quick ratio of 0.24 and a debt-to-equity ratio of 2.10. The firm has a market cap of $8.81 billion, a PE ratio of 3.18 and a beta of 1.04. The business has a fifty day moving average price of $7.85 and a 200 day moving average price of $7.66.

Institutional Trading of Korea Electric Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Korea Electric Power during the third quarter worth about $35,000. Public Employees Retirement System of Ohio purchased a new stake in Korea Electric Power in the third quarter valued at approximately $855,000. Jane Street Group LLC acquired a new stake in shares of Korea Electric Power in the third quarter valued at approximately $140,000. State Street Corp grew its position in shares of Korea Electric Power by 0.9% during the third quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after acquiring an additional 6,975 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Korea Electric Power in the 3rd quarter valued at $96,000.

Korea Electric Power Company Profile

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.