Korea Electric Power (NYSE:KEP) Shares Gap Down – Should You Sell?

Korea Electric Power Co. (NYSE:KEP) gapped down before the market opened on Tuesday . The stock had previously closed at $7.41, but opened at $7.19. Korea Electric Power shares last traded at $7.30, with a volume of 49,213 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Korea Electric Power Stock Performance

The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 3.38 and a beta of 0.99. The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The firm has a fifty day simple moving average of $7.47 and a 200-day simple moving average of $7.63.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $16.82 billion during the quarter, compared to analysts’ expectations of $17.04 billion. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%.

Institutional Trading of Korea Electric Power

A number of institutional investors have recently bought and sold shares of KEP. Wilmington Savings Fund Society FSB bought a new stake in shares of Korea Electric Power in the 3rd quarter valued at about $35,000. Atlas Capital Advisors Inc. lifted its holdings in Korea Electric Power by 443.7% during the fourth quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 5,151 shares in the last quarter. Wealthstream Advisors Inc. acquired a new position in Korea Electric Power in the fourth quarter valued at about $71,000. XTX Topco Ltd bought a new stake in shares of Korea Electric Power in the fourth quarter worth about $78,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Korea Electric Power during the fourth quarter worth about $89,000.

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.