Kyushu Electric Power (OTCMKTS:KYSEY) Shares Down 4.9% – Here’s Why

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) shares traded down 4.9% during trading on Wednesday. The company traded as low as $14.88 and last traded at $14.88. Approximately 4,380 shares changed hands during trading, an increase of 28% from the average session volume of 3,409 shares. The stock had previously closed at $15.65.

Kyushu Electric Power Price Performance

The firm’s fifty day moving average price is $12.85 and its two-hundred day moving average price is $11.74.

Kyushu Electric Power (OTCMKTS:KYSEY) last posted its earnings results on Friday, July 31st. The company reported $0.79 EPS for the quarter. The business had revenue of $3.34 billion for the quarter.

Kyushu Electric Power Company Profile

Kyushu Electric Power Co, Inc is a Japanese electric utility that generates, transmits and distributes electricity primarily across Kyushu, Japan’s southwestern main island. The company serves residential, commercial and industrial customers through electricity retail and related energy services.

Its generation portfolio includes nuclear, thermal, hydroelectric and renewable energy facilities. Kyushu Electric Power has also pursued solar, wind and other lower-carbon energy projects, while maintaining and modernizing the regional power infrastructure needed to deliver electricity reliably.

Founded in 1951 following the reorganization of Japan’s electric power industry, the company has expanded beyond its core utility operations into areas including telecommunications, information technology, environmental and energy-related services, and overseas business activities.