Kenon (NYSE:KEN) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Kenon Holdings Ltd. (NYSE:KEN)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $72.52 and traded as high as $79.07. Kenon shares last traded at $78.0350, with a volume of 26,061 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Kenon Stock Performance

The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 101.34 and a beta of 1.15. The stock’s fifty day moving average is $72.52 and its two-hundred day moving average is $58.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.66 and a current ratio of 4.66.

Kenon (NYSE:KEN) last posted its earnings results on Wednesday, November 19th. The utilities provider reported $0.48 EPS for the quarter. The firm had revenue of $265.00 million during the quarter. Kenon had a net margin of 59.34% and a negative return on equity of 2.81%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Kenon during the second quarter valued at about $32,000. Susquehanna Advisors Group Inc. acquired a new position in Kenon during the 4th quarter valued at about $202,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kenon by 24.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after buying an additional 610 shares in the last quarter. PDT Partners LLC acquired a new stake in shares of Kenon in the 4th quarter worth approximately $232,000. Finally, Jane Street Group LLC bought a new position in shares of Kenon in the first quarter valued at approximately $254,000. Institutional investors own 13.38% of the company’s stock.

About Kenon

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.