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

KT Co. (NYSE:KT)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $15.33, but opened at $14.81. KT shares last traded at $14.92, with a volume of 45,679 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a report on Saturday. New Street Research upgraded KT to a “strong-buy” rating in a report on Monday, September 9th.

KT Stock Down 0.2 %

The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.28. The firm has a market cap of $7.85 billion, a PE ratio of 9.28, a P/E/G ratio of 1.12 and a beta of 0.90. The business’s 50-day simple moving average is $15.46 and its 200 day simple moving average is $14.30.

KT (NYSE:KT) last released its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $4.77 billion for the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. As a group, equities research analysts expect that KT Co. will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On KT

Institutional investors have recently added to or reduced their stakes in the stock. PDS Planning Inc lifted its position in shares of KT by 6.2% during the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock valued at $282,000 after buying an additional 1,065 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in KT by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock valued at $5,021,000 after acquiring an additional 1,244 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,264 shares during the last quarter. Legacy Capital Group California Inc. increased its position in shares of KT by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of KT by 5.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock valued at $433,000 after purchasing an additional 1,487 shares during the last quarter. 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 mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.