Korea Electric Power (NYSE:KEP) Sees Strong Trading Volume – Still a Buy?

Korea Electric Power Co. (NYSE:KEP) shares saw unusually-high trading volume on Thursday . Approximately 231,830 shares were traded during mid-day trading, an increase of 90% from the previous session’s volume of 121,848 shares.The stock last traded at $7.02 and had previously closed at $7.14.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Korea Electric Power from a “hold” rating to a “buy” rating in a report on Thursday, December 5th.

Korea Electric Power Stock Down 1.0 %

The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.24 and a current ratio of 0.43. The business has a 50-day simple moving average of $7.96 and a two-hundred day simple moving average of $7.67.

Institutional Investors Weigh In On Korea Electric Power

Several hedge funds have recently modified their holdings of KEP. Sivia Capital Partners LLC raised its position in Korea Electric Power by 9.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 23,310 shares of the utilities provider’s stock worth $165,000 after buying an additional 1,982 shares during the last quarter. American Century Companies Inc. raised its holdings in Korea Electric Power by 11.8% during the second quarter. American Century Companies Inc. now owns 339,562 shares of the utilities provider’s stock worth $2,407,000 after purchasing an additional 35,973 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Korea Electric Power by 24.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 71,471 shares of the utilities provider’s stock valued at $506,000 after purchasing an additional 14,136 shares during the period. Sei Investments Co. purchased a new stake in Korea Electric Power in the 2nd quarter valued at approximately $462,000. Finally, GAMMA Investing LLC boosted its holdings in Korea Electric Power by 114.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 3,386 shares in 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.