Korea Electric Power Corporation (KEP) has risen sharply, recording gains of 1.94% in the past 4 weeks. However, the stock has corrected -2.55% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.9% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.37% and the 50-Day Moving Average is 1.94%. Korea Electric Power Corporation (NYSE:KEP): On Fridays trading session , Opening price of the stock was $27.06 with an intraday high of $27.1. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $26.74. However, the stock managed to close at $26.76, a loss of 3.57% for the day. On the previous day, the stock had closed at $27.75. The total traded volume of the day was 642,632 shares.
The company Insiders own 1% of Korea Electric Power Corporation shares according to the proxy statements. Institutional Investors own 5.01% of Korea Electric Power Corporation shares. Also, Equity Analysts at the Morgan Stanley downgrades the rating on Korea Electric Power Corporation (NYSE:KEP). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The rating by the firm was issued on June 21, 2016.
Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others. The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity purchased from its generation subsidiaries, as well as from independent power producers. The power generation segment, which operates through one nuclear generation subsidiary and five thermal generation subsidiaries, consists of operations related to the generation of electricity sold to KEPCO through the Korea Power Exchange. The all other segment comprise operations related to the plant maintenance and engineering service, information services, and sales of nuclear fuel, communication line leasing, overseas businesses and others.