Keel Infrastructure (NASDAQ:KEEL) Trading 5.4% Higher – Here’s Why

Keel Infrastructure (NASDAQ:KEEL) shares were up 5.4% during trading on Tuesday . The company traded as high as $6.09 and last traded at $5.9670. Approximately 16,843,905 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 38,016,160 shares. The stock had previously closed at $5.66.

Analyst Ratings Changes

A number of research analysts have commented on KEEL shares. Cantor Fitzgerald decreased their price objective on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Lake Street Capital set a $5.50 price target on Keel Infrastructure in a research note on Monday, May 11th. Chardan Capital reissued a “buy” rating and issued a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, June 8th. HC Wainwright increased their price target on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Keel Infrastructure in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Keel Infrastructure presently has an average rating of “Moderate Buy” and a consensus target price of $4.88.

Keel Infrastructure Trading Up 9.9%

The company’s 50 day simple moving average is $4.21. The company has a debt-to-equity ratio of 1.37, a quick ratio of 9.43 and a current ratio of 9.60. The company has a market capitalization of $3.75 billion, a P/E ratio of -43.89 and a beta of 4.11.

Keel Infrastructure Company Profile

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.