Keppel REIT (OTCMKTS:KREVF) Sees Strong Trading Volume – Still a Buy?

Keppel REIT (OTCMKTS:KREVF) saw unusually-strong trading volume on Thursday . Approximately 25,891 shares were traded during mid-day trading, an increase of 188% from the previous session’s volume of 9,000 shares.The stock last traded at $0.6617 and had previously closed at $0.6455.

Analysts Set New Price Targets

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

Keppel REIT Price Performance

The stock has a fifty day moving average of $0.69 and a 200-day moving average of $0.72. 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.