SKK (NASDAQ:SKK) Stock Price Up 3% – Time to Buy?

SKK Holdings Limited (NASDAQ:SKK)’s share price shot up 3% on Tuesday . The company traded as high as $5.57 and last traded at $5.23. 46,365 shares changed hands during mid-day trading, an increase of 225% from the average session volume of 14,288 shares. The stock had previously closed at $5.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of SKK from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

SKK Stock Down 8.0%

The firm’s fifty day moving average is $4.53 and its 200 day moving average is $3.48. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.20.

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.