Korea Electric Power (NYSE:KEP) Share Price Breaks Below 50 Day Moving Average – What’s Next?

Korea Electric Power Corporation (NYSE:KEP) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $11.05 and traded as low as $10.00. Korea Electric Power shares last traded at $10.1650, with a volume of 1,942,501 shares trading hands.

Analyst Ratings Changes

KEP has been the topic of a number of recent research reports. Zacks Research upgraded shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a report on Monday, November 9th. Wall Street Zen lowered shares of Korea Electric Power from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings upgraded shares of Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Korea Electric Power currently has a consensus rating of “Reduce”.

Korea Electric Power Price Performance

The firm has a fifty day moving average price of $11.05 and a two-hundred day moving average price of $13.76. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $13.05 billion, a P/E ratio of 2.37, a P/E/G ratio of 1.73 and a beta of 1.02.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.89). Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%. The firm had revenue of $14.60 billion during the quarter, compared to the consensus estimate of $19.67 billion. On average, analysts expect that Korea Electric Power Corporation will post 3.14 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of Korea Electric Power by 119.3% during the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after buying an additional 350,337 shares during the last quarter. Quantinno Capital Management LP lifted its position in Korea Electric Power by 48.1% in the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock valued at $6,852,000 after acquiring an additional 156,227 shares in the last quarter. Corient Private Wealth LP boosted its stake in Korea Electric Power by 54.2% during the 2nd quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock valued at $3,207,000 after purchasing an additional 93,194 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Korea Electric Power by 617.5% in the first quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock worth $3,552,000 after purchasing an additional 214,535 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its holdings in shares of Korea Electric Power by 40.0% during the first quarter. Dorsey Wright & Associates now owns 166,344 shares of the utilities provider’s stock valued at $2,370,000 after purchasing an additional 47,526 shares in the last quarter.

About Korea Electric Power

Korea Electric Power Corporation, commonly known as KEPCO, is an integrated electric utility based in South Korea. It is responsible for transmitting and distributing electricity across the country and selling power to households, businesses and other customers. KEPCO also participates in electricity generation, including through subsidiaries that operate nuclear, coal-fired and other power plants. Its activities extend to energy-related services and overseas power projects. The company traces its modern corporate history to its establishment as a public corporation in 1982, building on earlier Korean electricity organizations.