SKK (NASDAQ:SKK) Stock Price Up 1.1% – Here’s Why

Shares of SKK Holdings Limited (NASDAQ:SKK) shot up 1.1% on Wednesday . The stock traded as high as $4.49 and last traded at $4.43. 3,150 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 415,052 shares. The stock had previously closed at $4.38.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SKK in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, SKK presently has a consensus rating of “Sell”.

SKK Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.20. The business has a 50 day simple moving average of $4.72 and a two-hundred day simple moving average of $3.86.

SKK Company Profile

SKK Holdings Limited, through its subsidiaries, provides civil engineering services in Singapore. It undertakes subsurface utility works, such as power and telecommunication cable laying works, water pipeline works, and sewer rehabilitation works. The company also offers gas pipeline and sewer construction works; and underground piping, underground utility infrastructure construction and maintenance, horizontal directional drilling, and plumbing and sanitary works. It serves government authorities, utility companies, or contractors.