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

Keppel Corp. (OTCMKTS:KPELY) gapped down before the market opened on Thursday . The stock had previously closed at $17.88, but opened at $17.29. Keppel shares last traded at $17.29, with a volume of 179 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Keppel to a “hold” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Keppel presently has a consensus rating of “Moderate Buy”.

Keppel Trading Down 0.3%

The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $17.89 and a 200 day moving average price of $17.81.

About Keppel

Keppel Ltd. is a Singapore-based global asset manager and operator with businesses spanning infrastructure, real estate and connectivity. The company develops, owns and manages assets and solutions in areas such as energy transition, environmental services, urban development, data centers and digital infrastructure.

Keppel’s infrastructure activities include power generation and distribution, renewable energy, environmental engineering and waste management. Its real estate business covers the development, investment and management of commercial, residential and mixed-use properties, while its connectivity platform includes data centers, subsea cables and other digital infrastructure.

Founded in Singapore in 1968 as part of the country’s maritime and shipyard industry, Keppel has expanded into a diversified international group.