Keel Infrastructure (NASDAQ:KEEL) Stock Price Down 13.1% - What's Next?

Key Points

• Keel Infrastructure shares fell 13.1% to about $3.28, with trading volume rising 7% above its average.
• Despite the sell-off, analysts maintain a “Moderate Buy” consensus, with an average price target of $6.25 and targets ranging from $5.50 to $10.00; one firm issued a sell rating.
• The company remains unprofitable, reporting a quarterly loss of $0.11 per share, a negative 230.59% net margin and an expected full-year loss of $0.43 per share. CEO Benjamin Gagnon bought nearly 58,900 shares at $3.33 each.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report)'s share price dropped 13.1% during trading on Tuesday . The company traded as low as $3.32 and last traded at $3.2750. Approximately 41,928,676 shares traded 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.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Monday, July 13th. BTIG Research began coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They set a "buy" rating and a $8.00 price target for the company. Citizens Jmp initiated coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They set an "outperform" rating and a $10.00 price target for the company. HC Wainwright upped their price objective 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. Finally, Citigroup restated a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $6.25.

Keel Infrastructure Stock Down 13.3%

The firm has a market cap of $2.02 billion, a PE ratio of -23.25 and a beta of 4.14. The business's 50 day simple moving average is $4.72. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $30.43 million during the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.During the same quarter last year, the firm posted ($0.05) earnings per share. On average, research analysts forecast that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Benjamin Gagnon bought 58,888 shares of the stock in a transaction that occurred on 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 owned 1,347,736 shares in the company, valued at $4,487,960.88. This trade represents a 4.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.50% of the company's stock.

Hedge Funds Weigh In On Keel Infrastructure

Large investors have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new stake in shares of Keel Infrastructure during the 2nd quarter valued at $348,000. Public Employees Retirement System of Ohio purchased a new position in shares of Keel Infrastructure in the 2nd quarter worth $817,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Keel Infrastructure in the 2nd quarter worth $9,989,000. Hedge funds and other institutional investors own 20.59% of the company's stock.

Keel Infrastructure Company Profile

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