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

Hut 8 (TSE:HUT) was upgraded by stock analysts at Keefe, Bruyette & Woods to a “moderate buy” rating in a research note issued to 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 Price Performance

Shares of TSE:HUT opened at C$33.00 on Wednesday. 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 business has a 50 day moving average price of C$34.30 and a 200 day moving average price 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. Hut 8 has a twelve month low of C$8.35 and a twelve 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.