Klepierre (OTCMKTS:KLPEF) Sees Strong Trading Volume - Here's What Happened

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.

Klepierre (OTCMKTS:KLPEF - Get Free Report) shares saw strong trading volume on Wednesday . 2,003 shares traded hands during 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.

Analyst Upgrades and Downgrades

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

Klepierre Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50-day moving average of $38.51 and a 200 day moving average of $34.86.

About Klepierre

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.

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