KT (NYSE:KT) Shares Gap Down to $13.08

Shares of KT Co. (NYSE:KT) gapped down before the market opened on Friday . The stock had previously closed at $13.08, but opened at $12.64. KT shares last traded at $12.47, with a volume of 300,858 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 8th.

KT Price Performance

The stock’s 50 day simple moving average is $14.12 and its 200-day simple moving average is $13.29. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 1.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.10.

KT (NYSE:KT) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. The company had revenue of $5.08 billion during the quarter. Equities research analysts anticipate that KT Co. will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KT. JPMorgan Chase & Co. raised its position in KT by 57.3% during the first quarter. JPMorgan Chase & Co. now owns 520,833 shares of the technology company’s stock valued at $7,468,000 after acquiring an additional 189,661 shares in the last quarter. Raymond James & Associates lifted its stake in shares of KT by 5.7% in the 1st quarter. Raymond James & Associates now owns 266,292 shares of the technology company’s stock valued at $3,819,000 after purchasing an additional 14,458 shares during the period. Bank of New York Mellon Corp boosted its holdings in KT by 27.1% during the first quarter. Bank of New York Mellon Corp now owns 211,336 shares of the technology company’s stock worth $3,031,000 after buying an additional 45,023 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in KT by 19.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,689 shares of the technology company’s stock valued at $483,000 after buying an additional 5,510 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in KT by 259.9% in the first quarter. Allianz Asset Management GmbH now owns 427,668 shares of the technology company’s stock valued at $6,133,000 after buying an additional 308,849 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.