Keel Infrastructure (NASDAQ:KEEL) Shares Gap Up - Here's Why

Key Points

• Keel Infrastructure shares jumped 10.9%, opening at $3.53 versus a prior close of $3.36, with more than 6.17 million shares traded.
• Analyst sentiment is broadly positive: seven analysts rate the stock a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and a $6.25 price target.
• Company insiders bought 128,545 shares worth about $425,593 over the past 90 days, while the latest quarter showed a $0.11-per-share loss on $30.43 million in revenue and deeply negative profitability metrics.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $3.36, but opened at $3.53. Keel Infrastructure shares last traded at $3.5240, with a volume of 6,173,536 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KEEL shares. Chardan Capital restated a "buy" rating and set a $5.50 price objective on shares of Keel Infrastructure in a report on Monday, June 8th. Citizens Jmp initiated coverage on Keel Infrastructure in a report on Wednesday, June 24th. They set an "outperform" rating and a $10.00 price target for the company. Weiss Ratings restated a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Monday, July 13th. BTIG Research began coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price objective on the stock. Finally, Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.25.

Keel Infrastructure Trading Up 10.9%

The company's 50-day moving average is $4.40. The stock has a market cap of $2.30 billion, a P/E ratio of -12.28 and a beta of 4.14. 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 for the quarter. The firm had revenue of $30.43 million for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.During the same period in the previous year, the business posted ($0.05) earnings per share. As a group, equities research analysts anticipate that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon bought 38,888 shares of Keel Infrastructure stock in a transaction on Friday, August 21st. The shares were purchased at an average price of $3.33 per share, with a total value of $129,497.04. Following the acquisition, the chief executive officer owned 1,386,624 shares in the company, valued at $4,617,457.92. This trade represents a 2.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Liam Daniel Wilson purchased 30,769 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares in the company, valued at approximately $328,178.50. The trade was a 43.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 128,545 shares of company stock valued at $425,593 over the last 90 days. Corporate insiders own 9.50% of the company's stock.

Institutional Trading of Keel Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. bought a new position in Keel Infrastructure in the second quarter valued at about $28,000. Markowski Investments bought a new position in shares of Keel Infrastructure in the second quarter worth about $29,000. Nilsine Partners LLC bought a new position in shares of Keel Infrastructure in the second quarter worth about $110,000. HighTower Advisors LLC acquired a new stake in shares of Keel Infrastructure in the 2nd quarter valued at approximately $161,000. Finally, Amundi acquired a new stake in shares of Keel Infrastructure in the 2nd quarter valued at approximately $214,000. 20.59% of the stock is currently owned by institutional investors.

Keel Infrastructure Company Profile

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