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 report published 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 Down 2.4 %

Shares of TSE HUT opened at C$33.00 on Wednesday. The firm has a fifty day simple moving average of C$34.30 and a two-hundred day simple moving average of C$23.95. Hut 8 has a 12 month low of C$8.35 and a 12 month high of C$45.20. The company has a current ratio of 1.67, a quick ratio of 1.26 and a debt-to-equity ratio of 55.19. The firm has a market capitalization of C$3.08 billion, a PE ratio of -30.84 and a beta of 3.45.

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.