Hut 8 (TSE:HUT) Stock Rating Upgraded by Keefe, Bruyette & Woods

Hut 8 (TSE:HUT) was upgraded by Keefe, Bruyette & Woods to a “moderate buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

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

Hut 8 Stock Performance

Shares of HUT opened at C$33.00 on Wednesday. The firm has a fifty day moving average of C$34.30 and a 200-day moving average of C$23.95. The company has a market cap of C$3.08 billion, a price-to-earnings ratio of -30.84 and a beta of 3.45. The company has a debt-to-equity ratio of 55.19, a quick ratio of 1.26 and a current ratio of 1.67. Hut 8 has a 1 year low of C$8.35 and a 1 year 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.