Keel Infrastructure (NASDAQ:KEEL) Stock Price Down 13.1% – Should You Sell?

Keel Infrastructure (NASDAQ:KEEL) shares were down 13.1% on Tuesday . The stock traded as low as $3.32 and last traded at $3.2750. 41,928,676 shares changed hands during trading, an increase of 7% from the average daily volume of 39,116,500 shares. The stock had previously closed at $3.77.

Analyst Upgrades and Downgrades

KEEL has been the topic of several research reports. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research note on Monday, May 11th. Chardan Capital reiterated a “buy” rating and set a $5.50 target price on shares of Keel Infrastructure in a research report on Monday, June 8th. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. HC Wainwright lifted their target price on Keel Infrastructure from $3.70 to $5.50 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Citizens Jmp assumed coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Keel Infrastructure has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Keel Infrastructure Stock Performance

The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. The company’s 50 day simple moving average is $4.64. The firm has a market capitalization of $2.01 billion, a P/E ratio of -10.83 and a beta of 4.14.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.11) EPS for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The firm had revenue of $30.43 million for the quarter. During the same period in the prior year, the company earned ($0.05) EPS. On average, analysts anticipate that Keel Infrastructure will post -0.43 EPS for the current year.

Insider Transactions at Keel Infrastructure

In related news, CEO Benjamin Gagnon purchased 58,888 shares of Keel Infrastructure stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $3.33 per share, for a total transaction of $196,097.04. Following the completion of the acquisition, the chief executive officer directly owned 1,347,736 shares of the company’s stock, valued at $4,487,960.88. The trade was a 4.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.50% of the company’s stock.

Institutional Trading of Keel Infrastructure

Several institutional investors have recently bought and sold shares of KEEL. Susquehanna Advisors Group Inc. purchased a new position in Keel Infrastructure in the second quarter worth about $1,333,000. Van ECK Associates Corp bought a new stake in shares of Keel Infrastructure during the second quarter valued at approximately $1,217,000. Public Employees Retirement System of Ohio bought a new stake in shares of Keel Infrastructure during the second quarter valued at approximately $817,000. Compass Financial Management LLC purchased a new position in Keel Infrastructure in the 2nd quarter worth approximately $348,000. Finally, Bank of New York Mellon Corp bought a new position in Keel Infrastructure in the 2nd quarter valued at approximately $9,989,000. 20.59% of the stock is owned by hedge funds and other institutional investors.

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.