KT (NYSE:KT) Sees Strong Trading Volume – Still a Buy?

Shares of KT Co. (NYSE:KT) saw an uptick in trading volume on Thursday . 524,526 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 781,217 shares.The stock last traded at $16.19 and had previously closed at $16.00.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th. New Street Research upgraded KT to a “strong-buy” rating in a report on Monday, September 9th.

KT Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $8.38 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The stock has a 50 day moving average of $15.46 and a 200-day moving average of $14.39.

KT (NYSE:KT) last issued its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. The business had revenue of $4.77 billion during the quarter. On average, equities research analysts anticipate that KT Co. will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in KT by 41.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,264 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after acquiring an additional 4,464 shares during the period. Crewe Advisors LLC acquired a new stake in KT during the first quarter worth about $98,000. Envestnet Portfolio Solutions Inc. acquired a new stake in KT during the second quarter worth about $140,000. Finally, Aprio Wealth Management LLC acquired a new stake in KT during the second quarter worth about $151,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

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.