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Klepierre (OTCMKTS:KLPEF) Sees Large Volume Increase - Here's What Happened

Klepierre logo with Finance background

Key Points

  • Klepierre shares experienced a significant increase in trading volume, rising by 116% to 2,003 shares on Wednesday.
  • Berenberg Bank upgraded Klepierre's rating from "hold" to a "strong-buy" as of April 25th.
  • The company's portfolio is valued at 19.3 billion, focusing on large shopping centers across more than 10 countries in Continental Europe.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Klepierre (OTCMKTS:KLPEF - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,003 shares were traded during mid-day trading, an increase of 116% from the previous session's volume of 928 shares.The stock last traded at $40.25 and had previously closed at $40.00.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Klepierre from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th.

View Our Latest Stock Analysis on KLPEF

Klepierre Trading Up 1.2%

The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $38.61 and a 200 day moving average price of $35.14.

Klepierre Company Profile

(Get Free Report)

Klépierre SA is the European leader in shopping malls, combining property development and asset management skills. The Company's portfolio is valued at 19.3 billion at December 31, 2023, and comprises large shopping centers in more than 10 countries in Continental Europe which together host hundreds of millions of visitors per year.

Further Reading

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