Could Korea Electric Power Corporation (KEP) Go Up After Achieving 1 Year Low?

July 13, 2018 - By Rene Reddy

The stock of Korea Electric Power Corporation (NYSE:KEP) hit a new 52-week low and has $13.34 target or 3.00 % below today’s $13.75 share price. The 6 months bearish chart indicates high risk for the $18.28B company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $13.34 price target is reached, the company will be worth $548.25 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.57% or $0.22 during the last trading session, reaching $13.75. About 224,045 shares traded. Korea Electric Power Corporation (NYSE:KEP) has declined 16.37% since July 13, 2017 and is downtrending. It has underperformed by 28.94% the S&P500.

Another recent and important Korea Electric Power Corporation (NYSE:KEP) news was published by Gurufocus.com which published an article titled: “Stocks That Fell to 3-Year Lows in the Week of June 29” on June 30, 2018.

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company has market cap of $18.28 billion. The firm operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others divisions. It has a 127.91 P/E ratio. It generates power from nuclear, coal, oil, liquefied natural gas, internal combustion, hydro, wind, solar, and biomass sources.

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