Keel Infrastructure (NASDAQ:KEEL) Shares Down 7.6% – Here’s What Happened

Shares of Keel Infrastructure (NASDAQ:KEEL) dropped 7.6% on Monday . The company traded as low as $4.36 and last traded at $4.2950. 9,222,645 shares were traded during trading, a decline of 77% from the average session volume of 40,276,156 shares. The stock had previously closed at $4.65.

Analyst Upgrades and Downgrades

KEEL has been the topic of several recent research reports. Weiss Ratings initiated coverage on shares of Keel Infrastructure in a research report on Wednesday, April 15th. They set a “sell (d-)” rating on the stock. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, May 11th. Chardan Capital reiterated a “buy” rating and issued a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. Citigroup began coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating for the company. Finally, 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 report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Keel Infrastructure Stock Performance

The stock’s 50-day moving average is $5.13. The company has a current ratio of 9.60, a quick ratio of 9.43 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -30.18 and a beta of 4.11.

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

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.