KT (NYSE:KT) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

KT Corporation (NYSE:KT) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.99 and traded as high as $21.58. KT shares last traded at $21.1950, with a volume of 1,319,899 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KT. Weiss Ratings raised shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, March 17th. Zacks Research raised shares of KT from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Wall Street Zen downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

KT Trading Down 1.6%

The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.19 and a beta of 0.62. The firm has a 50-day moving average price of $22.06 and a 200 day moving average price of $19.99.

KT (NYSE:KT) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter. KT had a return on equity of 5.20% and a net margin of 3.41%.The business had revenue of $4.74 billion for the quarter. As a group, sell-side analysts forecast that KT Corporation will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KT. Triumph Capital Management acquired a new position in shares of KT in the 3rd quarter valued at about $47,000. Quantbot Technologies LP acquired a new stake in KT during the third quarter worth about $81,000. Westpac Banking Corp acquired a new stake in KT during the fourth quarter worth about $157,000. SG Americas Securities LLC bought a new position in KT in the fourth quarter worth about $163,000. Finally, Arkadios Wealth Advisors bought a new position in KT in the third quarter worth about $198,000. 18.86% of the stock is currently owned by institutional investors.

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.