KT (NYSE:KT) Sees Strong Trading Volume – What’s Next?

Shares of KT Co. (NYSE:KT) saw strong trading volume on Thursday . 524,526 shares changed hands during trading, a decline of 33% from the previous session’s volume of 781,217 shares.The stock last traded at $16.19 and had previously closed at $16.00.

Analyst Ratings Changes

A number of analysts recently commented on KT shares. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th. New Street Research raised shares of KT to a “strong-buy” rating in a research report on Monday, September 9th.

KT Price Performance

The stock has a market cap of $8.56 billion, a PE ratio of 10.12, a P/E/G ratio of 1.13 and a beta of 0.90. The business has a fifty day simple moving average of $15.48 and a two-hundred day simple moving average of $14.41. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last issued its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The company had revenue of $4.77 billion for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. Research analysts forecast that KT Co. will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KT. Price T Rowe Associates Inc. MD increased its position in KT by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after buying an additional 829,682 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after purchasing an additional 1,101,669 shares during the last quarter. Lazard Asset Management LLC boosted its stake in KT by 2.4% in the 1st quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock worth $49,857,000 after purchasing an additional 84,760 shares in the last quarter. Sei Investments Co. grew its position in KT by 2.3% during the 2nd quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock valued at $20,774,000 after purchasing an additional 34,164 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in KT by 245.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after purchasing an additional 804,986 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.