Hut 8 (TSE:HUT) Upgraded to Moderate Buy at Keefe, Bruyette & Woods

Hut 8 (TSE:HUT) was upgraded by equities research analysts at Keefe, Bruyette & Woods to a “moderate buy” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Cantor Fitzgerald raised shares of Hut 8 to a “strong-buy” rating in a research note on Monday, December 9th.

Hut 8 Stock Performance

Shares of HUT stock opened at C$33.00 on Wednesday. The company’s fifty day moving average price is C$34.30 and its 200-day moving average price is C$23.95. The stock has a market cap of C$3.08 billion, a PE ratio of -30.84 and a beta of 3.45. The company has a current ratio of 1.67, a quick ratio of 1.26 and a debt-to-equity ratio of 55.19. Hut 8 has a 12 month low of C$8.35 and a 12 month high of C$45.20.

Hut 8 Company Profile

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers.