Keppel REIT (OTCMKTS:KREVF) Shares Gap Down – Here’s What Happened

Keppel REIT (OTCMKTS:KREVF) gapped down prior to trading on Friday . The stock had previously closed at $0.70, but opened at $0.6594. Keppel REIT shares last traded at $0.6594, with a volume of 611 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Keppel REIT to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Keppel REIT Price Performance

The business has a fifty day moving average of $0.67 and a 200 day moving average of $0.70. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.41.

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.