Keppel REIT (OTCMKTS:KREVF) Trading 5.6% Higher - Still a Buy?

Key Points

• Keppel REIT shares surged by 5.6%, reaching a last traded price of $0.77, significantly higher than the previous close of $0.73.
• The trading volume for Keppel REIT increased to approximately 37,571 shares, a remarkable 6,086% rise compared to its average daily volume of 607 shares.
• Keppel REIT is recognized as one of Asia's leading real estate investment trusts, focusing on generating stable income through quality income-producing commercial properties in key business districts across the Asia Pacific.

Keppel REIT (OTCMKTS:KREVF - Get Free Report) shares were up 5.6% during trading on Wednesday . The company traded as high as $0.77 and last traded at $0.77. Approximately 37,571 shares changed hands during mid-day trading, an increase of 6,086% from the average daily volume of 607 shares. The stock had previously closed at $0.73.

Keppel REIT Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.13 and a quick ratio of 0.13. The business has a 50-day moving average price of $0.69 and a 200 day moving average price of $0.64.

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.