SKK (NASDAQ:SKK) Shares Up 7.1% – Time to Buy?

SKK Holdings Limited (NASDAQ:SKK) shares shot up 7.1% on Friday. The stock traded as high as $5.74 and last traded at $5.44. Approximately 30,956 shares were traded during mid-day trading, a decline of 29% from the average session volume of 43,323 shares. The stock had previously closed at $5.08.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SKK in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

SKK Price Performance

The company has a 50 day moving average price of $4.57 and a 200 day moving average price of $4.12.

About SKK

SKK Holdings Limited (NASDAQ: SKK) is a Singapore-based construction company that provides design and construction services for a range of building projects. Its work includes residential, commercial, institutional and industrial developments.

The company serves the Singapore construction market and supports projects through capabilities that may include project planning, engineering, construction management and general building works. Its portfolio is focused on the development and construction of the built environment rather than the manufacture of a single branded product.

SKK Holdings is organized as a holding company incorporated outside Singapore, with its operating activities conducted primarily through subsidiaries in Singapore.