Keppel (OTCMKTS:KPELY) Shares Gap Up – Here’s Why

Keppel Corp. (OTCMKTS:KPELY) shares gapped up before the market opened on Monday . The stock had previously closed at $17.10, but opened at $17.8060. Keppel shares last traded at $17.8060, with a volume of 402 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Keppel to a “hold” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Keppel has an average rating of “Moderate Buy”.

Keppel Trading Up 3.9%

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 firm has a 50 day simple moving average of $17.51 and a two-hundred day simple moving average of $18.01.

Keppel Company Profile

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.