Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 7.8% – Still a Buy?

Keel Infrastructure (NASDAQ:KEEL) rose 7.8% during mid-day trading on Thursday . The company traded as high as $2.98 and last traded at $2.9550. Approximately 4,600,855 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 34,688,070 shares. The stock had previously closed at $2.74.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Keel Infrastructure in a report on Wednesday, April 15th. They issued a “sell (d-)” rating for the company. Cantor Fitzgerald cut their target price on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Chardan Capital assumed coverage on shares of Keel Infrastructure in a report on Monday. They issued a “buy” rating and a $4.50 target price for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Keel Infrastructure currently has a consensus rating of “Hold” and a consensus target price of $3.75.

Keel Infrastructure Trading Up 9.7%

The company has a current ratio of 5.58, a quick ratio of 5.52 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $1.81 billion, a P/E ratio of -13.07 and a beta of 3.77.

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.