Kenon (NYSE:KEN) Shares Gap Down – Should You Sell?

Kenon Holdings Ltd. (NYSE:KEN)’s share price gapped down prior to trading on Friday . The stock had previously closed at $74.98, but opened at $71.50. Kenon shares last traded at $72.7950, with a volume of 1,705 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kenon in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kenon Trading Up 3.2%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.66 and a current ratio of 4.66. The firm has a market cap of $3.85 billion, a PE ratio of 95.82 and a beta of 1.15. The company has a 50 day simple moving average of $66.77 and a two-hundred day simple moving average of $54.61.

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

Institutional Investors Weigh In On Kenon

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kenon by 24.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 610 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kenon during the 2nd quarter worth about $32,000. BNP Paribas Financial Markets grew its position in shares of Kenon by 9.9% in the third quarter. BNP Paribas Financial Markets now owns 10,000 shares of the utilities provider’s stock valued at $452,000 after purchasing an additional 900 shares during the period. Jane Street Group LLC grew its holdings in Kenon by 12.2% in the second quarter. Jane Street Group LLC now owns 9,041 shares of the utilities provider’s stock valued at $373,000 after purchasing an additional 984 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Kenon by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,012 shares of the utilities provider’s stock worth $1,265,000 after purchasing an additional 1,234 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Kenon Company Profile

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.