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

Shares of Keppel Corp. (OTCMKTS:KPELYGet Free Report) saw an uptick in trading volume on Wednesday . 5,400 shares traded hands during mid-day trading, an increase of 103% from the previous session’s volume of 2,658 shares.The stock last traded at $16.80 and had previously closed at $16.91.

Analyst Upgrades and Downgrades

Separately, UBS Group started coverage on shares of Keppel in a research note on Thursday, September 25th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Check Out Our Latest Research Report on KPELY

Keppel Trading Up 1.1%

The business’s 50-day moving average price is $15.99 and its two-hundred day moving average price is $14.54.

About Keppel

(Get Free Report)

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.

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