Kenon (NYSE:KEN) Sets New 52-Week High at $21.12

Kenon Holdings Ltd (NYSE:KEN)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.12 and last traded at $21.12, with a volume of 2320 shares trading hands. The stock had previously closed at $20.55.

Separately, TheStreet upgraded Kenon from a “d” rating to a “c+” rating in a research report on Friday, May 3rd.

The business’s 50-day moving average price is $19.99. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.82.

Kenon (NYSE:KEN) last released its quarterly earnings results on Thursday, May 30th. The utilities provider reported ($0.23) earnings per share for the quarter. Kenon had a negative net margin of 34.11% and a negative return on equity of 14.75%. The firm had revenue of $97.00 million for the quarter.

An institutional investor recently bought a new position in Kenon stock. Norges Bank purchased a new stake in shares of Kenon Holdings Ltd (NYSE:KEN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 175,971 shares of the utilities provider’s stock, valued at approximately $2,639,000. Norges Bank owned approximately 0.33% of Kenon as of its most recent SEC filing. 1.63% of the stock is owned by hedge funds and other institutional investors.

Kenon Company Profile (NYSE:KEN)

Kenon Holdings Ltd., through its subsidiaries, owns, develops, and operates power generation facilities in Israel. It operates through OPC, Qoros, and Other segments. The company's power generation plants operate on natural gas and diesel. It also designs, manufactures, sells, and services passenger vehicles, parts, and accessories through a network of independent authorized retail dealers in China.

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