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

Keppel Corp. (OTCMKTS:KPELY) shares gapped up before the market opened 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 traded.

Wall Street Analysts Forecast Growth

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

Keppel Stock Up 6.6%

The firm’s 50 day moving average price is $17.72 and its two-hundred day moving average price is $17.47.

About Keppel

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.