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

Keefe, Bruyette & Woods upgraded shares of Hut 8 (TSE:HUT - Free Report) to a moderate buy rating in a report issued on Wednesday,Zacks.com reports.

Separately, Cantor Fitzgerald upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, December 9th.

Hut 8 Stock Up 2.4 %

TSE:HUT traded up C$0.79 during mid-day trading on Wednesday, reaching C$33.79. The stock had a trading volume of 1,010,462 shares, compared to its average volume of 1,184,555. 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 stock has a market cap of C$3.16 billion, a P/E ratio of -31.58 and a beta of 3.45. Hut 8 has a fifty-two week low of C$8.35 and a fifty-two week high of C$45.20. The business's 50 day moving average is C$34.53 and its 200 day moving average is C$24.02.

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.