Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 9.9% – Here’s What Happened

Keel Infrastructure (NASDAQ:KEEL)’s stock price traded up 9.9% during mid-day trading on Monday . The company traded as high as $5.58 and last traded at $5.6380. 23,564,038 shares were traded during mid-day trading, a decline of 36% from the average session volume of 36,787,023 shares. The stock had previously closed at $5.13.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Weiss Ratings assumed coverage on shares of Keel Infrastructure in a research report on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. Cantor Fitzgerald decreased their price target on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, May 11th. Finally, HC Wainwright raised their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4.88.

Keel Infrastructure Trading Up 8.9%

The firm has a market capitalization of $3.37 billion, a P/E ratio of -40.18 and a beta of 4.11. The company has a current ratio of 9.60, a quick ratio of 9.43 and a debt-to-equity ratio of 1.37.

Keel Infrastructure Company Profile

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.