Keel Infrastructure (NASDAQ:KEEL) Stock Price Down 6.6% – Time to Sell?

Keel Infrastructure (NASDAQ:KEEL) shares fell 6.6% during trading on Wednesday . The company traded as low as $5.32 and last traded at $5.3620. 6,430,246 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 40,533,145 shares. The stock had previously closed at $5.74.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KEEL. Weiss Ratings assumed coverage on Keel Infrastructure in a research report on Wednesday, April 15th. They set a “sell (d-)” rating on the stock. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, May 11th. Citizens Jmp began coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target on the stock. HC Wainwright increased their price objective on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Cantor Fitzgerald lowered their target price on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.90.

Keel Infrastructure Stock Performance

The business has a fifty day moving average of $4.94. 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 firm has a market capitalization of $2.78 billion, a P/E ratio of -32.79 and a beta of 4.11.

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