Keppel (OTCMKTS:KPELY) Shares Gap Down - Here's What Happened

Key Points

• Keppel Corp. shares gapped down significantly from a previous close of $14.87 to an opening price of $13.82, reflecting a 5.9% drop in trading.
• UBS Group recently initiated coverage on Keppel, issuing a "buy" rating, contributing to an overall average rating of "Buy" among analysts.
• Keppel announced a dividend of $0.2313 per share, with a substantial dividend yield of 405.0%, paid to investors of record as of August 13th.

Shares of Keppel Corp. (OTCMKTS:KPELY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $14.87, but opened at $13.82. Keppel shares last traded at $13.82, with a volume of 283 shares.

Analyst Ratings Changes

Separately, UBS Group began coverage on shares of Keppel in a report on Thursday, September 25th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Keppel has an average rating of "Buy".

Keppel Trading Down 5.9%

The business's 50 day moving average is $13.66 and its two-hundred day moving average is $11.95.

Keppel Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a dividend of $0.2313 per share. This represents a dividend yield of 405.0%. The ex-dividend date was Tuesday, August 12th.

Keppel Company Profile

Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally. The company operates through, Infrastructure, Real Estate, and Connectivity. It manages private funds and listed real estate investment and business trusts, in areas of infrastructure, real estate, and connectivity; energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure; operation and maintenance; property development and investment; master development; sustainable and innovative urban space solutions; and system integration solutions and services.

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