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 released on Tuesday morning,Zacks.com reports.

Hut 8 Stock Performance

Hut 8 stock opened at C$82.89 on Tuesday. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26. Hut 8 has a 12 month low of C$14.28 and a 12 month high of C$89.34. The company has a fifty day moving average price of C$68.81 and a two-hundred day moving average price of C$54.11. The company has a market cap of C$8.96 billion, a PE ratio of 44.33 and a beta of 4.58.

About Hut 8

Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.