Kansai Electric Power (OTCMKTS:KAEPY) Stock Price Up 1.6% – Still a Buy?

The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPYGet Free Report) was up 1.6% during mid-day trading on Wednesday . The company traded as high as $8.4750 and last traded at $8.42. Approximately 958 shares changed hands during trading, a decline of 48% from the average daily volume of 1,827 shares. The stock had previously closed at $8.29.

Kansai Electric Power Price Performance

The stock’s 50 day moving average is $7.98 and its two-hundred day moving average is $7.60.

Kansai Electric Power Company Profile

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Kansai Electric Power Co, Inc, commonly known as Kansai Electric Power, is a major Japanese electric utility company primarily engaged in the generation, transmission and distribution of electricity. The company serves the Kansai region of Japan, including prefectures such as Osaka, Kyoto, Hyogo and Nara, supplying power to residential, commercial and industrial customers. Through its integrated network, Kansai Electric Power manages the flow of electricity from generation facilities to end users and provides grid-related services to maintain reliable supply across urban centers and surrounding areas.

The company operates a diversified fleet of power plants, encompassing nuclear, thermal, hydroelectric and renewable energy installations.

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