Kenon (NYSE:KEN) Sees Unusually-High Trading Volume

Kenon Holdings Ltd. (NYSE:KEN) shares saw an uptick in trading volume on Thursday . 755 shares changed hands during mid-day trading, a decline of 75% from the previous session’s volume of 3,005 shares.The stock last traded at $31.38 and had previously closed at $30.80.

The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $29.90 and its 200 day simple moving average is $27.11.

Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kenon by 83.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,603 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 1,636 shares during the period. Credit Suisse AG grew its holdings in shares of Kenon by 30.1% during the fourth quarter. Credit Suisse AG now owns 16,621 shares of the utilities provider’s stock valued at $500,000 after buying an additional 3,841 shares during the last quarter. Meitav Dash Investments Ltd. grew its holdings in shares of Kenon by 119.6% during the fourth quarter. Meitav Dash Investments Ltd. now owns 170,656 shares of the utilities provider’s stock valued at $5,016,000 after buying an additional 92,932 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Kenon during the fourth quarter valued at about $5,189,000. Institutional investors and hedge funds own 1.04% of the company’s stock.

About Kenon (NYSE:KEN)

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

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