Korea Electric Power (NYSE:KEP) Shares Gap Down – What’s Next?

Korea Electric Power Co. (NYSE:KEP) gapped down prior to trading on Friday . The stock had previously closed at $7.98, but opened at $7.39. Korea Electric Power shares last traded at $7.42, with a volume of 39,171 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Korea Electric Power from a “hold” rating to a “buy” rating in a report on Saturday, February 1st.

Korea Electric Power Stock Down 8.5 %

The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The company’s fifty day simple moving average is $7.22 and its 200 day simple moving average is $7.70. The firm has a market capitalization of $9.37 billion, a PE ratio of 3.38 and a beta of 1.04.

Institutional Trading of Korea Electric Power

Several institutional investors and hedge funds have recently bought and sold shares of KEP. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Korea Electric Power by 46.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after purchasing an additional 380,145 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Korea Electric Power by 90.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock valued at $4,980,000 after purchasing an additional 344,126 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Korea Electric Power by 642.2% during the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock valued at $2,640,000 after purchasing an additional 332,009 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Korea Electric Power during the third quarter valued at approximately $855,000. Finally, Marshall Wace LLP lifted its holdings in shares of Korea Electric Power by 93.7% during the fourth quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider’s stock valued at $1,179,000 after purchasing an additional 82,902 shares during the last quarter.

About Korea Electric Power

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.