ValuEngine lowered shares of Kenon (NYSE:KEN) from a buy rating to a hold rating in a research report sent to investors on Wednesday, January 3rd.

Shares of Kenon (KEN) traded down $0.26 during mid-day trading on Wednesday, hitting $29.04. 1,405 shares of the stock were exchanged, compared to its average volume of 3,667. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.59 and a quick ratio of 1.46. Kenon has a 52-week low of $9.96 and a 52-week high of $30.35.

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Kenon (NYSE:KEN) last announced its earnings results on Monday, November 27th. The utilities provider reported ($0.43) earnings per share (EPS) for the quarter. Kenon had a negative net margin of 3.75% and a negative return on equity of 7.28%.

A hedge fund recently raised its stake in Kenon stock. Vanguard Group Inc. lifted its stake in Kenon Holdings Ltd (NYSE:KEN) by 2.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 276,246 shares of the utilities provider’s stock after buying an additional 7,125 shares during the quarter. Vanguard Group Inc. owned approximately 0.51% of Kenon worth $3,735,000 at the end of the most recent reporting period. 0.97% of the stock is currently owned by institutional investors.

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Kenon Company Profile

Kenon Holdings Ltd is a holding company that operates primarily growth-oriented businesses. The Company’s segments include I.C. Power Asia Development Ltd (IC Power), Qoros Automotive Co, Ltd. (Qoros) and Other. I.C. Power, through its subsidiary companies, is engaged in the production, operation and sale of electricity in the country Israel.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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