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

Keppel REIT (OTCMKTS:KREVF) gapped down before the market opened on Thursday . The stock had previously closed at $0.7221, but opened at $0.67. Keppel REIT shares last traded at $0.67, with a volume of 27,970 shares traded.

Analyst Ratings Changes

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

Keppel REIT Stock Performance

The stock has a 50-day moving average of $0.70 and a 200 day moving average of $0.74. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.41.

Keppel REIT Company Profile

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.