Keel Infrastructure (NASDAQ:KEEL) Shares Down 4.6% – Here’s What Happened

Keel Infrastructure (NASDAQ:KEEL)’s stock price traded down 4.6% during mid-day trading on Friday . The company traded as low as $3.32 and last traded at $3.35. 5,645,320 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 39,167,086 shares. The stock had previously closed at $3.51.

Analysts Set New Price Targets

KEEL has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. HC Wainwright boosted their target price on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Chardan Capital restated a “buy” rating and set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, June 8th. Finally, BTIG Research initiated coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price for the company. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

Keel Infrastructure Trading Down 9.1%

The stock has a 50 day moving average of $4.35. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -10.63 and a beta of 4.14.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. During the same quarter last year, the firm earned ($0.05) EPS. As a group, equities analysts anticipate that Keel Infrastructure will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other Keel Infrastructure news, COO Liam Daniel Wilson acquired 30,769 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the acquisition, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Benjamin Gagnon bought 58,888 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $3.33 per share, for a total transaction of $196,097.04. Following the purchase, the chief executive officer owned 1,347,736 shares of the company’s stock, valued at approximately $4,487,960.88. This represents a 4.57% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 128,545 shares of company stock worth $425,593 in the last quarter. Company insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Keel Infrastructure

Several large investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. purchased a new stake in shares of Keel Infrastructure during the 2nd quarter valued at about $28,000. Markowski Investments purchased a new position in shares of Keel Infrastructure during the second quarter valued at approximately $29,000. Nilsine Partners LLC bought a new position in Keel Infrastructure during the second quarter valued at approximately $110,000. HighTower Advisors LLC purchased a new stake in Keel Infrastructure in the second quarter worth approximately $161,000. Finally, Amundi purchased a new stake in Keel Infrastructure in the second quarter worth approximately $214,000. 20.59% of the stock is currently owned by institutional investors.

About Keel Infrastructure

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.