Keel Infrastructure (NASDAQ:KEEL) Trading Down 8.2% – What’s Next?

Shares of Keel Infrastructure (NASDAQ:KEELGet Free Report) traded down 8.2% on Monday . The company traded as low as $3.40 and last traded at $3.5610. Approximately 11,510,632 shares were traded during trading, a decline of 70% from the average daily volume of 38,923,730 shares. The stock had previously closed at $3.88.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. HC Wainwright boosted their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research report on Monday, May 11th. Citigroup assumed coverage on Keel Infrastructure in a report on Wednesday, June 24th. They set an “outperform” rating on the stock. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, Chardan Capital reissued a “buy” rating and issued a $5.50 target price on shares of Keel Infrastructure in a report on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

Read Our Latest Stock Analysis on Keel Infrastructure

Keel Infrastructure Stock Performance

The business has a 50-day moving average of $5.01. The company has a market capitalization of $2.13 billion, a P/E ratio of -24.61 and a beta of 4.14. The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37.

Keel Infrastructure (NASDAQ:KEELGet Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.11) 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 $30.43 million during the quarter. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Research analysts predict that Keel Infrastructure will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Keel Infrastructure

A hedge fund recently bought a new stake in Keel Infrastructure stock. Bank of New York Mellon Corp acquired a new position in shares of Keel Infrastructure (NASDAQ:KEELFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,740,330 shares of the company’s stock, valued at approximately $9,989,000. Bank of New York Mellon Corp owned about 0.28% of Keel Infrastructure as of its most recent filing with the SEC. Institutional investors own 20.59% of the company’s stock.

About Keel Infrastructure

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Keel Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keel Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.