Hut 8 (TSE:HUT) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Hut 8 (TSE:HUT) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

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

Hut 8 Price Performance

Shares of HUT opened at C$37.82 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 55.19. Hut 8 has a twelve month low of C$8.35 and a twelve month high of C$45.20. The stock has a market capitalization of C$3.53 billion, a P/E ratio of -35.35 and a beta of 3.45. The company has a 50 day moving average of C$27.62 and a 200-day moving average of C$20.97.

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.