Kenon Holdings Ltd. (NYSE:KEN)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $31.99, but opened at $30.86. Kenon shares last traded at $30.86, with a volume of 37 shares trading hands.
The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of $29.90 and a 200 day simple moving average of $27.11.
A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Kenon in the fourth quarter valued at $5,189,000. Meitav Dash Investments Ltd. boosted its position in shares of Kenon by 119.6% during the 4th quarter. Meitav Dash Investments Ltd. now owns 170,656 shares of the utilities provider’s stock worth $5,016,000 after acquiring an additional 92,932 shares in the last quarter. Credit Suisse AG boosted its position in shares of Kenon by 30.1% during the 4th quarter. Credit Suisse AG now owns 16,621 shares of the utilities provider’s stock worth $500,000 after acquiring an additional 3,841 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kenon by 83.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,603 shares of the utilities provider’s stock worth $106,000 after acquiring an additional 1,636 shares in the last quarter. Institutional investors own 1.04% of the company’s stock.
Kenon Holdings Ltd., through its subsidiaries, owns, develops, and operates power generation facilities in Israel and internationally. It operates through OPC, Quantum, and Other segments. The company's power generation plants operate on natural gas and diesel. It also designs, manufactures, sells, and services passenger vehicles and parts through a network of independent authorized retail dealers in China.
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