Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 8% – Here’s Why

Shares of Keel Infrastructure (NASDAQ:KEEL) rose 8% on Monday . The company traded as high as $4.38 and last traded at $4.2650. Approximately 5,367,112 shares traded hands during trading, a decline of 86% from the average session volume of 39,735,527 shares. The stock had previously closed at $3.95.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KEEL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a report on Monday, July 13th. Citizens Jmp started coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $10.00 price objective for the company. Citigroup began coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating on the stock. Alliance Global Partners reissued a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Finally, HC Wainwright raised their price target on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a research note on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

Keel Infrastructure Price Performance

The stock’s 50 day simple moving average is $5.18. 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 has a market cap of $2.61 billion, a P/E ratio of -30.25 and a beta of 4.11.

Keel Infrastructure (NASDAQ:KEEL) last announced its earnings results 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%. As a group, analysts expect that Keel Infrastructure will post -0.27 EPS for the current fiscal year.

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.