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

KT Corporation (NYSE:KT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

KT has been the subject of several recent research reports. Zacks Research raised KT from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Wall Street Zen downgraded KT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KT in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, KT currently has an average rating of “Hold”.

KT Trading Down 0.6%

The business has a fifty day moving average price of $20.84 and a 200 day moving average price of $19.75. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42.

Institutional Trading of KT

A number of institutional investors have recently made changes to their positions in KT. Triumph Capital Management acquired a new stake in KT in the third quarter worth approximately $47,000. First Horizon Advisors Inc. increased its position in shares of KT by 506.3% during 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 shares of KT in the 3rd quarter worth $81,000. Westpac Banking Corp acquired a new stake in shares of KT in the fourth quarter valued at $157,000. Finally, SG Americas Securities LLC bought a new position in KT during the fourth quarter valued at about $163,000. 18.86% of the stock is owned by institutional investors and hedge funds.

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.