Keppel REIT (OTCMKTS:KREVF) Shares Gap Down – Here’s Why

Keppel REIT (OTCMKTS:KREVF)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $0.7126, but opened at $0.65. Keppel REIT shares last traded at $0.65, with a volume of 16,340 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Keppel REIT to a “hold” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Keppel REIT Trading Down 8.8%

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50 day moving average price is $0.68 and its 200-day moving average price is $0.71.

About Keppel REIT

Keppel REIT (OTCMKTS:KREVF) is a Singapore-based real estate investment trust sponsored by Keppel Land, a subsidiary of Keppel Corporation. Established in 2006 and listed on the Singapore Exchange, the REIT focuses on investing in premium office properties within the Asia-Pacific region.

The portfolio comprises six Grade A office buildings in Singapore’s Central Business District, including landmark developments such as Marina Bay Financial Centre Tower 1, Maritime Square Tower 2 and Ocean Financial Centre.