Keppel REIT (OTCMKTS:KREVF) Shares Gap Down – Should You Sell?

Keppel REIT (OTCMKTS:KREVF) gapped down before the market opened on Tuesday . The stock had previously closed at $0.7126, but opened at $0.65. Keppel REIT shares last traded at $0.65, with a volume of 16,340 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Keppel REIT to a “hold” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Keppel REIT Price Performance

The business’s 50-day moving average price is $0.67 and its 200 day moving average price is $0.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.12 and a quick ratio of 0.12.

About Keppel REIT

Keppel REIT (OTCMKTS:KREVF) is a Singapore-based real estate investment trust sponsored by Keppel Land, a subsidiary of Keppel Corporation. Established in 2006 and listed on the Singapore Exchange, the REIT focuses on investing in premium office properties within the Asia-Pacific region.

The portfolio comprises six Grade A office buildings in Singapore’s Central Business District, including landmark developments such as Marina Bay Financial Centre Tower 1, Maritime Square Tower 2 and Ocean Financial Centre.