Keppel REIT (OTCMKTS:KREVF) Shares Gap Down – Should You Sell?

Keppel REIT (OTCMKTS:KREVF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $0.7221, but opened at $0.67. Keppel REIT shares last traded at $0.67, with a volume of 27,970 shares.

Wall Street Analyst Weigh In

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

Keppel REIT Stock Performance

The business has a fifty day moving average of $0.71 and a 200 day moving average of $0.74. The company has a quick ratio of 0.12, a current 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.