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

Shares of Keppel Corp. (OTCMKTS:KPELY) gapped up before the market opened on Monday . The stock had previously closed at $17.68, but opened at $18.38. Keppel shares last traded at $18.49, with a volume of 1,563 shares changing hands.

Wall Street Analysts Forecast Growth

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

Keppel Stock Down 1.0%

The business has a 50 day moving average of $17.57 and a 200 day moving average of $17.98. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 0.84.

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.