Keppel REIT (OTCMKTS:KREVF) Shares Gap Down – Here’s What Happened

Keppel REIT (OTCMKTS:KREVF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $0.7367, but opened at $0.6476. Keppel REIT shares last traded at $0.6476, with a volume of 109 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised Keppel REIT to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Keppel REIT Price Performance

The stock has a fifty day simple moving average of $0.72 and a 200-day simple moving average of $0.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.12 and a current 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.