Keppel (OTCMKTS:KPELY) Sees Unusually-High Trading Volume – Here’s Why

Keppel Corp. (OTCMKTS:KPELY) saw strong trading volume on Thursday . 5,399 shares changed hands during trading, an increase of 57% from the previous session’s volume of 3,429 shares.The stock last traded at $17.07 and had previously closed at $17.5450.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Keppel to a “hold” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Keppel Stock Up 1.0%

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.34. The company’s 50 day moving average is $17.35 and its 200 day moving average is $17.97.

About Keppel

Keppel Corporation Ltd is a Singapore‐headquartered conglomerate offering diversified businesses spanning offshore & marine, property, infrastructure, and asset management. Through its Offshore & Marine arm, Keppel designs, builds and repairs mobile offshore drilling units, production platforms and specialized vessels, while pursuing new energy solutions such as offshore wind foundations and floating solar platforms. Its property division develops residential, commercial and mixed‐use projects across Asia, Europe and the Americas, complemented by real estate investment trusts and fund management services.

In the infrastructure segment, Keppel delivers integrated solutions for power generation, water treatment, waste management and district cooling.