Keppel (OTCMKTS:KPELY) Shares Gap Down – What’s Next?

Keppel Corp. (OTCMKTS:KPELY) gapped down before the market opened on Friday . The stock had previously closed at $14.87, but opened at $13.82. Keppel shares last traded at $13.82, with a volume of 283 shares traded.

Analyst Ratings Changes

Separately, UBS Group assumed coverage on Keppel in a research note on Thursday, September 25th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Keppel has an average rating of “Buy”.

Keppel Stock Performance

The company has a 50-day moving average of $13.66 and a 200-day moving average of $11.98.

Keppel Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were given a dividend of $0.2313 per share. This represents a yield of 405.0%. The ex-dividend date of this dividend was Tuesday, August 12th.

Keppel Company Profile

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.