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

Keppel REIT (OTCMKTS:KREVF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $0.65, but opened at $0.68. Keppel REIT shares last traded at $0.68, with a volume of 1,000 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Keppel REIT to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Keppel REIT Stock Up 4.6%

The firm has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.71. 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.