Kyushu Electric Power (OTCMKTS:KYSEY) Stock Price Up 5.1% – Time to Buy?

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY)’s stock price rose 5.1% during mid-day trading on Wednesday . The stock traded as high as $12.1350 and last traded at $11.88. Approximately 146,192 shares traded hands during trading, an increase of 100% from the average daily volume of 73,196 shares. The stock had previously closed at $11.30.

Analyst Upgrades and Downgrades

Separately, Daiwa Securities Group lowered Kyushu Electric Power to a “neutral” rating in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kyushu Electric Power presently has an average rating of “Hold”.

Kyushu Electric Power Stock Performance

The company has a 50 day simple moving average of $11.31 and a 200 day simple moving average of $10.03.

About Kyushu Electric Power

Kyushu Electric Power Company, Incorporated in June 1951, is one of Japan’s ten regional electric utilities. Headquartered in Fukuoka, the company’s core business centers on the generation, transmission and distribution of electricity across the Kyushu region, which includes Fukuoka, Nagasaki, Kumamoto, Oita, Saga, Miyazaki and Kagoshima prefectures.

On the generation side, Kyushu Electric Power maintains a diversified portfolio that includes thermal power stations fueled by coal, oil and natural gas, multiple hydroelectric facilities, and the Sendai Nuclear Power Plant in Kagoshima Prefecture—Japan’s first nuclear plant to restart under post-Fukushima safety standards.