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Keppel (OTCMKTS:KPELY) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

Keppel logo with Transportation background

Key Points

  • Keppel Corp. stock has recently crossed above its 50-day moving average of $13.38, reaching a high of $13.78 with a trading volume of 2,165 shares.
  • UBS Group has initiated coverage of Keppel with a "buy" rating, contributing to an overall average rating of "Strong Buy" from analysts.
  • The company recently announced a dividend payment, yielding 405.0%, marking a notable financial event for shareholders.
  • Interested in Keppel? Here are five stocks we like better.

Keppel Corp. (OTCMKTS:KPELY - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.38 and traded as high as $13.78. Keppel shares last traded at $13.78, with a volume of 2,165 shares.

Analyst Upgrades and Downgrades

Separately, UBS Group assumed coverage on shares of Keppel in a report on Thursday, September 25th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Strong Buy".

Check Out Our Latest Stock Analysis on KPELY

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 company's fifty day moving average price is $13.38 and its 200-day moving average price is $11.62.

Keppel Cuts Dividend

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

About Keppel

(Get Free Report)

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.

Further Reading

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