Keppel (OTCMKTS:KPELY) Shares Gap Up - Still a Buy?

Key Points

• Keppel Corp. shares opened at $13.59 after previously closing at $13.02, indicating a significant gap up in trading.
• The company has a dividend yield of 405.0%, with a recent payment of $0.2313 per share to shareholders.
• Keppel operates in sectors including infrastructure, real estate, and connectivity, managing investments primarily in Asia and internationally.

Keppel Corp. (OTCMKTS:KPELY - ) shares gapped up before the market opened on Wednesday . The stock had previously closed at $13.02, but opened at $13.59. Keppel shares last traded at $13.59, with a volume of 103 shares.

Keppel Stock Performance

The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 0.92. The firm's 50 day simple moving average is $13.07 and its 200-day simple moving average is $11.26.

Keppel Cuts Dividend

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

About Keppel

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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