Keppel (OTCMKTS:KPELY) Stock Price Down 7% – Here’s What Happened

Keppel Corp. (OTCMKTS:KPELY)’s share price was down 7% on Friday . The company traded as low as $14.52 and last traded at $14.52. Approximately 252 shares changed hands during trading, a decline of 96% from the average daily volume of 5,665 shares. The stock had previously closed at $15.61.

Analyst Ratings Changes

Separately, UBS Group initiated coverage on Keppel in a research note on Thursday, September 25th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Keppel presently has an average rating of “Buy”.

Keppel Trading Up 0.8%

The stock’s 50-day moving average price is $15.19 and its 200 day moving average price is $13.65.

Keppel Company Profile

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.