Korea Electric Power (NYSE:KEP) Sees Strong Trading Volume – Here’s Why

Korea Electric Power Co. (NYSE:KEP) saw unusually-strong trading volume on Thursday . Approximately 231,830 shares were traded during 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 upgraded Korea Electric Power from a “hold” rating to a “buy” rating in a report on Thursday, December 5th.

Korea Electric Power Stock Performance

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

Institutional Investors Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Korea Electric Power during the third quarter worth about $35,000. GAMMA Investing LLC grew its stake in Korea Electric Power by 114.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock worth $49,000 after buying an additional 3,386 shares during the last quarter. Stifel Financial Corp acquired a new position in Korea Electric Power during the third quarter worth approximately $96,000. Atomi Financial Group Inc. lifted its stake in Korea Electric Power by 14.3% in the third quarter. Atomi Financial Group Inc. now owns 13,632 shares of the utilities provider’s stock valued at $106,000 after buying an additional 1,704 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Korea Electric Power in the third quarter valued at approximately $114,000.

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.