Kenon Holdings Ltd. (KEN) Reaches New 1-Year High at $16.39
Shares of Kenon Holdings Ltd. (NYSE:KEN) hit a new 52-week high on Wednesday . The company traded as high as $16.39 and last traded at $16.24, with a volume of 4,070 shares traded. The stock had previously closed at $15.30.
Separately, ValuEngine upgraded Kenon Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.
The firm’s market capitalization is $862.10 million. The firm has a 50 day moving average price of $13.79 and a 200 day moving average price of $12.79.
An institutional investor recently raised its position in Kenon Holdings stock. Vanguard Group Inc. grew its position in shares of Kenon Holdings Ltd. (NYSE:KEN) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 276,246 shares of the utilities provider’s stock after acquiring an additional 7,125 shares during the period. Vanguard Group Inc. owned about 0.51% of Kenon Holdings worth $3,735,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.94% of the company’s stock.
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Kenon Holdings Company Profile
Kenon Holdings Ltd. is a holding company that operates primarily growth-oriented businesses. The Company’s segments include I.C. Power Asia Development Ltd (IC Power), Qoros Automotive Co, Ltd. (Qoros) and Other. I.C. Power, through its subsidiary companies, is engaged in the production, operation and sale of electricity in countries in Latin America, the Caribbean region and Israel.
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