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

Keefe, Bruyette & Woods upgraded shares of Hut 8 (TSE:HUT) to a moderate buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

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

Hut 8 Stock Up 2.4 %

Shares of TSE HUT opened at C$33.79 on Wednesday. Hut 8 has a 52-week low of C$8.35 and a 52-week high of C$45.20. The firm has a market capitalization of C$3.16 billion, a price-to-earnings ratio of -31.58 and a beta of 3.45. The stock has a 50 day moving average price of C$34.53 and a 200 day moving average price of C$24.02. The company has a debt-to-equity ratio of 55.19, a quick ratio of 1.26 and a current ratio of 1.67.

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.