Keel Infrastructure (NASDAQ:KEEL) Trading Down 7.5% – Time to Sell?

Keel Infrastructure (NASDAQ:KEEL) shares dropped 7.5% on Friday . The company traded as low as $4.45 and last traded at $4.45. Approximately 3,999,471 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 39,386,609 shares. The stock had previously closed at $4.81.

Analysts Set New Price Targets

Several brokerages recently issued reports on KEEL. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Citigroup assumed coverage on Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating for the company. BTIG Research initiated coverage on shares of Keel Infrastructure in a report on Wednesday. They set a “buy” rating and a $8.00 price target on the stock. HC Wainwright boosted their price target on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Cantor Fitzgerald reduced their price objective on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.25.

Keel Infrastructure Trading Down 7.6%

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 company has a fifty day moving average price of $5.21. The firm has a market capitalization of $2.74 billion, a P/E ratio of -32.18 and a beta of 4.11.

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