Keel Infrastructure (NASDAQ:KEEL) Trading Down 6.6% – Here’s What Happened

Shares of Keel Infrastructure (NASDAQ:KEEL) dropped 6.6% during trading on Wednesday . The stock traded as low as $5.32 and last traded at $5.3620. Approximately 6,430,246 shares were traded 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

KEEL has been the topic of a number of analyst reports. Citigroup initiated coverage on Keel Infrastructure in a report on Wednesday, June 24th. They set an “outperform” rating on the stock. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Lake Street Capital set a $5.50 price objective on Keel Infrastructure in a research note on Monday, May 11th. Weiss Ratings assumed coverage on Keel Infrastructure in a research report on Wednesday, April 15th. They set a “sell (d-)” rating for the company. Finally, Citizens Jmp started coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.90.

Keel Infrastructure Trading Down 4.3%

The stock has a market capitalization of $3.32 billion, a PE ratio of -38.96 and a beta of 4.11. 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 stock has a 50 day moving average of $4.86.

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.