Keel Infrastructure (NASDAQ:KEEL) Shares Down 7.6% – Should You Sell?

Keel Infrastructure (NASDAQ:KEEL) shares were down 7.6% on Monday . The stock traded as low as $4.36 and last traded at $4.2950. 9,222,645 shares traded hands 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 Ratings Changes

KEEL has been the subject of several recent research reports. Chardan Capital reissued a “buy” rating and issued a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, June 8th. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a report on Monday, May 11th. Citigroup initiated coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating for the company. Weiss Ratings began coverage on shares of Keel Infrastructure in a research report on Wednesday, April 15th. They set a “sell (d-)” rating on the stock. Finally, Cantor Fitzgerald cut their target price on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Keel Infrastructure Stock Down 9.1%

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

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $36.99 million for the quarter. Keel Infrastructure had a negative return on equity of 32.10% and a negative net margin of 171.23%. Equities analysts expect 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.