Hut 8 (TSE:HUT) Raised to “Strong-Buy” at Cantor Fitzgerald

Hut 8 (TSE:HUT) was upgraded by research analysts at Cantor Fitzgerald to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Separately, HC Wainwright raised Hut 8 from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, August 14th.

Hut 8 Price Performance

HUT stock opened at C$36.29 on Monday. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.67 and a quick ratio of 1.26. The firm has a market capitalization of C$3.39 billion, a P/E ratio of -33.92 and a beta of 3.45. The business’s 50-day moving average is C$27.18 and its two-hundred day moving average is C$20.80. 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.