KT (NYSE:KT) Shares Gap Down – Time to Sell?

KT Corporation (NYSE:KT) gapped down before the market opened on Monday . The stock had previously closed at $22.69, but opened at $21.66. KT shares last traded at $22.1260, with a volume of 541,095 shares.

Analyst Ratings Changes

KT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a research note 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 lowered shares of KT from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, KT has a consensus rating of “Moderate Buy”.

KT Stock Performance

The business’s fifty day moving average is $22.51 and its two-hundred day moving average is $20.23. The company has a quick ratio of 1.16, a current ratio of 1.20 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $10.60 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.20 and a beta of 0.64.

KT (NYSE:KT) last posted its earnings results on Monday, April 13th. The technology company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). KT had a net margin of 6.15% and a return on equity of 9.20%. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.69 billion. As a group, research analysts anticipate that KT Corporation will post 0.73 EPS for the current fiscal year.

Institutional Trading of KT

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in KT by 7.7% in the third quarter. GAMMA Investing LLC now owns 10,845 shares of the technology company’s stock worth $211,000 after buying an additional 776 shares during the last quarter. Royal Bank of Canada lifted its position in KT by 1.1% in the first quarter. Royal Bank of Canada now owns 102,808 shares of the technology company’s stock worth $1,820,000 after buying an additional 1,078 shares during the last quarter. Farther Finance Advisors LLC lifted its position in KT by 10.1% in the fourth quarter. Farther Finance Advisors LLC now owns 12,826 shares of the technology company’s stock worth $243,000 after buying an additional 1,172 shares during the last quarter. Burns Matteson Capital Management LLC lifted its position in KT by 20.2% in the third quarter. Burns Matteson Capital Management LLC now owns 11,538 shares of the technology company’s stock worth $225,000 after buying an additional 1,941 shares during the last quarter. Finally, DGS Capital Management LLC lifted its position in KT by 1.4% in the fourth quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock worth $3,323,000 after buying an additional 2,400 shares during the last quarter. 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.