Keel Infrastructure (NASDAQ:KEEL) Trading Down 7.6% – Here’s Why

Shares of Keel Infrastructure (NASDAQ:KEEL) traded down 7.6% during mid-day trading on Monday . The company traded as low as $4.36 and last traded at $4.2950. 9,222,645 shares changed hands during trading, a decline of 77% from the average session volume of 40,276,156 shares. The stock had previously closed at $4.65.

Analyst Ratings Changes

A number of brokerages have recently commented on KEEL. HC Wainwright lifted their target price on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a report on Monday, May 11th. Citigroup started coverage on Keel Infrastructure in a report on Wednesday, June 24th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Monday. Citizens Jmp initiated coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Keel Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

Keel Infrastructure Price Performance

The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -32.07 and a beta of 4.11. The firm’s 50-day moving average is $5.18. The company has a debt-to-equity ratio of 1.37, a quick ratio of 9.43 and a current ratio of 9.60.

Keel Infrastructure (NASDAQ:KEEL) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative return on equity of 32.10% and a negative net margin of 171.23%.The business had revenue of $36.99 million for the quarter. As a group, equities research analysts predict that Keel Infrastructure will post -0.27 earnings per share for the current year.

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.