Keppel REIT (OTCMKTS:KREVF) dropped 2.4% on Tuesday . The company traded as low as $0.79 and last traded at $0.80. Approximately 1,712 shares were traded during trading, a decline of 85% from the average daily volume of 11,176 shares. The stock had previously closed at $0.82.
Separately, JPMorgan Chase & Co. raised Keppel REIT from an “underweight” rating to a “neutral” rating in a research report on Wednesday, May 26th.
The stock has a fifty day moving average price of $0.86 and a 200-day moving average price of $0.88.
Keppel REIT is engaged in the investments in a portfolio of commercial real estate and other real estate-related assets. Its portfolio includes office and commercial towers and financial center buildings. The company was founded on November 28, 2005 and is headquartered in Singapore.
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