Keel Infrastructure (NASDAQ:KEEL) Trading Down 8.4% – Time to Sell?

Keel Infrastructure (NASDAQ:KEEL) shares dropped 8.4% during mid-day trading on Wednesday . The stock traded as low as $5.98 and last traded at $6.0430. 25,792,662 shares changed hands during trading, a decline of 35% from the average daily volume of 39,746,805 shares. The stock had previously closed at $6.60.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup assumed coverage on Keel Infrastructure in a research note on Wednesday. They issued an “outperform” rating on the stock. Lake Street Capital set a $5.50 target price on Keel Infrastructure in a research report on Monday, May 11th. Citizens Jmp started coverage on Keel Infrastructure in a report on Wednesday. They set a “market outperform” rating and a $10.00 price target on the stock. Cantor Fitzgerald dropped their price target on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Chardan Capital restated a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research note on Monday, June 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Keel Infrastructure Stock Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 9.60 and a quick ratio of 9.43. The business has a 50-day moving average of $4.54. The firm has a market capitalization of $3.64 billion, a P/E ratio of -43.02 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.