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

Keefe, Bruyette & Woods upgraded shares of Hut 8 (TSE:HUT) to a moderate buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

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

Hut 8 Stock Performance

Shares of HUT opened at C$33.00 on Wednesday. Hut 8 has a 52 week low of C$8.35 and a 52 week high of C$45.20. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 55.19. The stock has a market cap of C$3.08 billion, a P/E ratio of -30.84 and a beta of 3.45. The business’s 50 day moving average price is C$34.30 and its 200-day moving average price is C$23.95.

About Hut 8

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.