Korea Electric Power (NYSE:KEP) Shares Gap Down – Time to Sell?

Korea Electric Power Co. (NYSE:KEP)’s stock price gapped down before the market opened 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 raised Korea Electric Power from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st.

Korea Electric Power Stock Down 8.5 %

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 capitalization of $9.37 billion, a P/E ratio of 3.38 and a beta of 1.04. The stock’s 50-day simple moving average is $7.22 and its 200-day simple moving average is $7.69.

Hedge Funds Weigh In On Korea Electric Power

Institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp purchased a new position in Korea Electric Power in the third quarter valued at about $96,000. State Street Corp raised its holdings in shares of Korea Electric Power by 0.9% in the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after purchasing an additional 6,975 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Korea Electric Power by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after purchasing an additional 380,145 shares during the last quarter. Jane Street Group LLC purchased a new position in Korea Electric Power in the third quarter valued at approximately $140,000. Finally, Public Employees Retirement System of Ohio bought a new position in Korea Electric Power during the third quarter valued at $855,000.

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.