KT (NYSE:KT) Shares Cross Above 200-Day Moving Average – What’s Next?

KT Corporation (NYSE:KT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.43 and traded as high as $21.58. KT shares last traded at $21.1950, with a volume of 621,999 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on KT shares. Wall Street Zen downgraded shares of KT from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings upgraded shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, KT currently has an average rating of “Moderate Buy”.

KT Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $22.01 and its two-hundred day moving average is $20.43. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 7.49 and a beta of 0.59.

KT (NYSE:KT) last posted its quarterly earnings data 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). The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.69 billion. KT had a return on equity of 9.21% and a net margin of 6.15%. As a group, research analysts predict that KT Corporation will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. grew its stake in KT by 166.9% during the 1st quarter. Bessemer Group Inc. now owns 50,093 shares of the technology company’s stock worth $1,074,000 after purchasing an additional 31,327 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in KT during the 1st quarter worth $261,000. DGS Capital Management LLC grew its stake in KT by 10.6% during the 1st quarter. DGS Capital Management LLC now owns 193,757 shares of the technology company’s stock worth $4,156,000 after purchasing an additional 18,579 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in KT by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 33,164 shares of the technology company’s stock worth $711,000 after purchasing an additional 470 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in KT by 59.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 97,145 shares of the technology company’s stock worth $1,843,000 after purchasing an additional 36,105 shares in the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

About KT

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.