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

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

Hut 8 Stock Down 4.4%

HUT traded down C$3.89 on Tuesday, hitting C$83.68. The company had a trading volume of 239,671 shares, compared to its average volume of 1,219,870. The stock has a fifty day moving average price of C$68.11 and a 200-day moving average price of C$53.91. Hut 8 has a 12-month low of C$14.28 and a 12-month high of C$89.34. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The stock has a market capitalization of C$9.04 billion, a price-to-earnings ratio of 44.75 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.