SKK (NASDAQ:SKK) Stock Price Up 3% – Here’s What Happened

SKK Holdings Limited (NASDAQ:SKK)’s stock price traded up 3% during trading on Tuesday . The company traded as high as $5.57 and last traded at $5.23. Approximately 46,365 shares were traded during mid-day trading, an increase of 225% from the average daily volume of 14,288 shares. The stock had previously closed at $5.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of SKK from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

SKK Trading Up 3.0%

The stock has a fifty day moving average price of $4.51 and a 200 day moving average price of $3.46. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 0.74.

About SKK

SKK Holdings Limited, through its subsidiaries, provides civil engineering services in Singapore. It undertakes subsurface utility works, such as power and telecommunication cable laying works, water pipeline works, and sewer rehabilitation works. The company also offers gas pipeline and sewer construction works; and underground piping, underground utility infrastructure construction and maintenance, horizontal directional drilling, and plumbing and sanitary works. It serves government authorities, utility companies, or contractors.