Keppel (OTCMKTS:KPELY) Trading Down 9.3% – Here’s What Happened

Keppel Corp. (OTCMKTS:KPELY) dropped 9.3% on Wednesday . The company traded as low as $16.21 and last traded at $16.21. Approximately 826 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 3,649 shares. The stock had previously closed at $17.88.

Wall Street Analyst Weigh In

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

Keppel Price Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.34 and a quick ratio of 1.15. The firm has a fifty day simple moving average of $17.88 and a two-hundred day simple moving average of $17.85.

Keppel Company Profile

Keppel Ltd. is a Singapore-based global asset manager and operator with businesses spanning infrastructure, real estate and connectivity. The company develops, owns and manages assets and solutions in areas such as energy transition, environmental services, urban development, data centers and digital infrastructure.

Keppel’s infrastructure activities include power generation and distribution, renewable energy, environmental engineering and waste management. Its real estate business covers the development, investment and management of commercial, residential and mixed-use properties, while its connectivity platform includes data centers, subsea cables and other digital infrastructure.

Founded in Singapore in 1968 as part of the country’s maritime and shipyard industry, Keppel has expanded into a diversified international group.