Korea Electric Power (NYSE:KEP) Reaches New 52-Week Low – Here’s Why

Korea Electric Power Co. (NYSE:KEP) shares hit a new 52-week low on Thursday . The stock traded as low as $6.69 and last traded at $6.69, with a volume of 283255 shares. The stock had previously closed at $6.88.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th.

Korea Electric Power Trading Up 2.7 %

The stock has a market capitalization of $8.81 billion, a PE ratio of 3.18 and a beta of 1.04. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.24 and a current ratio of 0.43. The business’s 50-day moving average is $7.85 and its two-hundred day moving average is $7.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KEP. Atomi Financial Group Inc. boosted its position in shares of Korea Electric Power by 14.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 13,632 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 1,704 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Korea Electric Power by 9.3% during the second quarter. Sivia Capital Partners LLC now owns 23,310 shares of the utilities provider’s stock worth $165,000 after buying an additional 1,982 shares in the last quarter. GAMMA Investing LLC grew its position in Korea Electric Power by 114.7% during the third quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock worth $49,000 after buying an additional 3,386 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Korea Electric Power in the third quarter valued at about $35,000. Finally, Eagle Asset Management Inc. lifted its position in shares of Korea Electric Power by 11.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 48,153 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 5,131 shares during the period.

Korea Electric Power Company Profile

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.