Keppel REIT (OTCMKTS:KREVF) Shares Gap Down – Time to Sell?

Keppel REIT (OTCMKTS:KREVF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $0.7126, but opened at $0.65. Keppel REIT shares last traded at $0.65, with a volume of 16,340 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Keppel REIT to a “hold” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Keppel REIT currently has a consensus rating of “Hold”.

Keppel REIT Stock Down 8.8%

The stock has a 50-day moving average of $0.68 and a 200-day moving average of $0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.12 and a current ratio of 0.12.

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.