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

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

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

Hut 8 Stock Down 2.4 %

Shares of TSE HUT opened at C$33.00 on Wednesday. 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 quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 55.19. The firm’s fifty day moving average is C$34.30 and its 200 day moving average is C$23.95. Hut 8 has a 52 week low of C$8.35 and a 52 week high of C$45.20.

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.