KT (NYSE:KT) Shares Down 4.1% – Should You Sell?

KT Corporation (NYSE:KT)’s share price traded down 4.1% during trading on Monday . The stock traded as low as $20.63 and last traded at $20.7420. 516,466 shares traded hands during trading, a decline of 73% from the average session volume of 1,940,188 shares. The stock had previously closed at $21.64.

Wall Street Analysts Forecast Growth

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

KT Price Performance

The company has a market cap of $10.16 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.19 and a beta of 0.62. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $21.80 and a 200-day simple moving average of $19.93.

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

Hedge Funds Weigh In On KT

Institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in shares of KT during the 3rd quarter valued at $47,000. Quantbot Technologies LP acquired a new position in KT during the 3rd quarter valued at about $81,000. Westpac Banking Corp purchased a new stake in KT in the fourth quarter valued at about $157,000. SG Americas Securities LLC purchased a new stake in KT in the fourth quarter valued at about $163,000. Finally, Arkadios Wealth Advisors acquired a new stake in KT in the third quarter worth about $198,000. 18.86% of the stock is owned by hedge funds and other 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.