Kenon (NYSE:KEN) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Kenon Holdings Ltd. (NYSE:KEN) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $31.65 and traded as high as $33.52. Kenon shares last traded at $33.34, with a volume of 11,190 shares trading hands.

Kenon Stock Down 1.8 %

The stock has a 50-day moving average of $31.65 and a 200-day moving average of $28.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 10.42 and a beta of 1.39.

Kenon (NYSE:KEN) last issued its quarterly earnings results on Thursday, December 5th. The utilities provider reported $0.81 EPS for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.

Institutional Investors Weigh In On Kenon

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in Kenon by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after buying an additional 900 shares during the period. Barclays PLC raised its position in shares of Kenon by 4,233.3% during the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 4,445 shares during the period. CWA Asset Management Group LLC lifted its holdings in shares of Kenon by 25.7% in the 4th quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 4,632 shares in the last quarter. Anfield Capital Management LLC lifted its holdings in shares of Kenon by 100.0% in the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 4,669 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its position in Kenon by 2.8% in the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock valued at $6,885,000 after purchasing an additional 5,705 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Company Profile

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.