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

Shares of Keppel Corp. (OTCMKTS:KPELY) gapped up prior to trading on Wednesday . The stock had previously closed at $16.98, but opened at $18.10. Keppel shares last traded at $18.10, with a volume of 262 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Keppel to a “hold” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Keppel Price Performance

The stock’s 50 day moving average is $17.59 and its two-hundred day moving average is $17.51.

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.