KT (NYSE:KT) Sees Unusually-High Trading Volume – Time to Buy?

KT Co. (NYSE:KT) shares saw strong trading volume on Wednesday . 1,508,499 shares changed hands during trading, an increase of 69% from the previous session’s volume of 890,214 shares.The stock last traded at $17.76 and had previously closed at $18.03.

Analyst Ratings Changes

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

KT Trading Down 3.1 %

The company has a market cap of $9.01 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. The business has a 50 day simple moving average of $15.83 and a two-hundred day simple moving average of $14.67. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KT. EverSource Wealth Advisors LLC raised its position in shares of KT by 41.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after buying an additional 1,264 shares during the period. Aprio Wealth Management LLC purchased a new position in KT in the second quarter valued at about $151,000. Simplicity Wealth LLC raised its position in KT by 13.4% in the second quarter. Simplicity Wealth LLC now owns 26,667 shares of the technology company’s stock valued at $365,000 after purchasing an additional 3,160 shares during the period. QRG Capital Management Inc. raised its position in KT by 3.6% in the second quarter. QRG Capital Management Inc. now owns 55,426 shares of the technology company’s stock valued at $758,000 after purchasing an additional 1,902 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in KT by 6.7% in the second quarter. Sequoia Financial Advisors LLC now owns 35,750 shares of the technology company’s stock valued at $489,000 after purchasing an additional 2,256 shares during the period. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Company Profile

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.