Kenon (NYSE:KEN) Stock Crosses Above Fifty Day Moving Average of $39.61

Shares of Kenon Holdings Ltd. (NYSE:KEN) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $39.61 and traded as high as $40.92. Kenon shares last traded at $40.92, with a volume of 6,764 shares changing hands.

The company’s fifty day moving average price is $39.74 and its 200-day moving average price is $35.81. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.57.

Kenon (NYSE:KEN) last released its earnings results on Thursday, August 26th. The utilities provider reported $3.20 earnings per share (EPS) for the quarter. Kenon had a net margin of 128.01% and a return on equity of 36.92%. The firm had revenue of $105.00 million during the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in KEN. Citigroup Inc. purchased a new position in Kenon in the 1st quarter worth approximately $35,000. JPMorgan Chase & Co. purchased a new position in Kenon in the 1st quarter worth approximately $46,000. UBS Group AG raised its stake in Kenon by 26.1% during the 1st quarter. UBS Group AG now owns 5,605 shares of the utilities provider’s stock valued at $171,000 after buying an additional 1,159 shares during the last quarter. Jane Street Group LLC purchased a new stake in Kenon during the 1st quarter valued at $266,000. Finally, Marshall Wace LLP purchased a new stake in Kenon during the 2nd quarter valued at $471,000. Institutional investors own 9.02% of the company’s stock.

Kenon Company Profile (NYSE:KEN)

Kenon Holdings Ltd. is an investment company, which engages in the operation of growth-oriented businesses. It operates through the following segments: OPC, Quantum and ZIM. The OPC segment include initiation, development, construction and operation of power plants and the sale and supply of electricity under OPC Energy Ltd and its subsidiaries.

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