Keppel REIT (OTCMKTS:KREVF) Shares Up 8.5% - Still a Buy?

Key Points

• Keppel REIT's shares surged by 8.5% during trading, reaching a high of $0.83, with trading volume significantly increasing to 23,324 shares.
• The company has a debt-to-equity ratio of 0.43, indicating a relatively low level of debt compared to its equity.
• Keppel REIT specializes in investing in prime commercial real estate across Asia Pacific, aiming to provide stable income and long-term returns for its unitholders.

Shares of Keppel REIT (OTCMKTS:KREVF - ) were up 8.5% during mid-day trading on Tuesday . The company traded as high as $0.83 and last traded at $0.83. Approximately 23,324 shares were traded during trading, an increase of 1,373% from the average daily volume of 1,584 shares. The stock had previously closed at $0.76.

Keppel REIT Stock Up 8.5%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.13 and a current ratio of 0.46. The company has a 50 day simple moving average of $0.74 and a 200 day simple moving average of $0.68.

Keppel REIT Company Profile

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts. Keppel REIT's objective is to generate stable income and sustainable long-term total return for its Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Asia Pacific.

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