Keppel (OTCMKTS:KPELY) Sees Large Volume Increase – Time to Buy?

Shares of Keppel Corp. (OTCMKTS:KPELY) saw unusually-strong trading volume on Wednesday . Approximately 44,391 shares traded hands during trading, an increase of 1,148% from the previous session’s volume of 3,556 shares.The stock last traded at $17.33 and had previously closed at $17.25.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Keppel to a “hold” rating in a research report on Friday, May 22nd. One investment 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, Keppel currently has an average rating of “Moderate Buy”.

Keppel Stock Performance

The stock’s 50-day simple moving average is $17.38 and its 200-day simple moving average is $17.99. The company has a current ratio of 1.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84.

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.