Keppel REIT (OTCMKTS:KREVF) Trading Up 11.6% – Time to Buy?

Keppel REIT (OTCMKTS:KREVF) shares rose 11.6% on Wednesday . The company traded as high as $0.7252 and last traded at $0.7252. Approximately 3,000 shares changed hands during trading, a decline of 66% from the average daily volume of 8,897 shares. The stock had previously closed at $0.65.

Analyst Ratings Changes

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

Keppel REIT Stock Up 11.6%

The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $0.71 and a 200-day simple moving average of $0.75.

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.