Keppel (OTCMKTS:KPELY) Shares Pass Above 50 Day Moving Average – Here’s Why

Shares of Keppel Ltd. (OTCMKTS:KPELY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.69 and traded as high as $9.96. Keppel shares last traded at $9.96, with a volume of 2,359 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Keppel to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Keppel Trading Down 4.0 %

The company has a fifty day moving average price of $9.73 and a 200 day moving average price of $9.87.

Keppel Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.2243 per share. The ex-dividend date was Wednesday, August 14th.

Keppel Company Profile

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.