Keel Infrastructure (NASDAQ:KEEL) Upgraded by BTIG Research to “Strong-Buy” Rating

Keel Infrastructure (NASDAQ:KEEL) was upgraded by BTIG Research to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on KEEL. HC Wainwright upped their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a research note on Monday, May 11th. Citizens Jmp assumed coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 target price on the stock. Chardan Capital reaffirmed a “buy” rating and issued a $5.50 price target on shares of Keel Infrastructure in a report on Monday, June 8th. Citigroup began coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They issued an “outperform” rating for the company. Finally, Cantor Fitzgerald reduced their price objective on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.25.

Keel Infrastructure Price Performance

NASDAQ:KEEL opened at $4.69 on Wednesday. The company has a market cap of $2.89 billion, a P/E ratio of -33.50 and a beta of 4.11. Keel Infrastructure has a 1 year low of $1.14 and a 1 year high of $7.37. The business has a 50 day moving average price of $5.21. 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 (NASDAQ:KEEL) last posted its earnings results on Monday, May 11th. The company reported ($0.24) EPS for the quarter. Keel Infrastructure had a negative net margin of 171.23% and a negative return on equity of 32.10%. The firm had revenue of $36.99 million for the quarter. As a group, 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.