SKK (NASDAQ:SKK) Trading Up 3% – Still a Buy?

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

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

SKK Stock Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.74 and a quick ratio of 0.74. The business has a 50 day moving average price of $4.51 and a 200 day moving average price of $3.46.

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.