KT (NYSE:KT) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

KT Corporation (NYSE:KT)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.75 and traded as high as $24.00. KT shares last traded at $23.8370, with a volume of 1,509,129 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on KT. Wall Street Zen lowered shares of KT from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of KT in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of KT from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, KT presently has an average rating of “Hold”.

KT Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.24. The company’s 50 day moving average is $20.84 and its 200-day moving average is $19.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KT. Triumph Capital Management bought a new stake in shares of KT during the third quarter valued at approximately $47,000. First Horizon Advisors Inc. grew its position in KT by 506.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,091 shares during the period. Quantbot Technologies LP bought a new stake in KT during the 3rd quarter valued at $81,000. Westpac Banking Corp acquired a new position in KT during the fourth quarter worth $157,000. Finally, SG Americas Securities LLC bought a new position in shares of KT in the fourth quarter valued at $163,000. Institutional investors own 18.86% of the company’s stock.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.