Keppel (OTCMKTS:KPELY) Shares Down 9.3% – Here’s What Happened

Keppel Corp. (OTCMKTS:KPELYGet Free Report) shares dropped 9.3% on Wednesday . The stock traded as low as $16.21 and last traded at $16.21. Approximately 826 shares were traded during trading, a decline of 77% from the average session volume of 3,649 shares. The stock had previously closed at $17.88.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on KPELY

Keppel Trading Up 0.3%

The stock’s 50 day moving average is $17.90 and its 200 day moving average is $17.81. The company has a current ratio of 1.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84.

Keppel Company Profile

(Get Free Report)

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.

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