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

Keppel REIT (OTCMKTS:KREVF) shares 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Keppel REIT to a “hold” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Keppel REIT Price Performance

The stock’s 50 day moving average is $0.67 and its two-hundred day moving average is $0.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.12 and a quick ratio of 0.12.

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.