SKK (NASDAQ:SKK) Shares Down 0.7% – Here’s Why

SKK Holdings Limited (NASDAQ:SKK) traded down 0.7% during trading on Wednesday . The stock traded as low as $4.40 and last traded at $4.47. 2,299 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 10,959 shares. The stock had previously closed at $4.50.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 presently has a consensus rating of “Sell”.

SKK Stock Performance

The firm’s 50 day moving average price is $4.72 and its 200-day moving average price is $3.62. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.74 and a quick 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.