Keel Infrastructure (NASDAQ:KEEL) Stock Price Down 7.5% – Time to Sell?

Keel Infrastructure (NASDAQ:KEEL) dropped 7.5% during mid-day trading on Friday . The stock traded as low as $4.45 and last traded at $4.45. 3,999,471 shares were traded during trading, a decline of 90% from the average daily volume of 39,386,609 shares. The stock had previously closed at $4.81.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cantor Fitzgerald decreased their price target on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Citigroup began coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. BTIG Research assumed coverage on Keel Infrastructure in a report on Wednesday. They set a “buy” rating and a $8.00 target price for the company. Finally, Citizens Jmp assumed coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Keel Infrastructure currently has an average rating of “Moderate Buy” and an average price target of $6.25.

Keel Infrastructure Stock Performance

The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of -32.18 and a beta of 4.11. The company has a fifty day moving average of $5.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 9.60 and a quick ratio of 9.43.

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