Keel Infrastructure (NASDAQ:KEEL) Trading Down 8.4% – Here’s What Happened

Keel Infrastructure (NASDAQ:KEEL) fell 8.4% during trading on Wednesday . The stock traded as low as $5.98 and last traded at $6.0430. Approximately 25,792,662 shares traded hands during trading, a decline of 35% from the average session volume of 39,746,805 shares. The stock had previously closed at $6.60.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KEEL. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a research note on Monday, May 11th. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. HC Wainwright raised their price objective on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Citizens Jmp assumed coverage on Keel Infrastructure in a research note on Wednesday. They set a “market outperform” rating and a $10.00 target price on the stock. Finally, Citigroup assumed coverage on Keel Infrastructure in a research report on Wednesday. They set an “outperform” rating on the stock. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.90.

Keel Infrastructure Trading Down 4.1%

The company has a market capitalization of $3.55 billion, a PE ratio of -41.93 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 firm’s 50-day moving average is $4.68.

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.