Hut 8 (TSE:HUT - Get Free Report) was upgraded by research analysts at Cantor Fitzgerald to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.
Separately, HC Wainwright raised Hut 8 from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, August 14th.
View Our Latest Report on HUT
Hut 8 Trading Down 5.9 %
Shares of TSE:HUT traded down C$2.26 during trading on Monday, hitting C$36.29. The company had a trading volume of 1,350,361 shares, compared to its average volume of 1,487,117. The stock has a market cap of C$3.39 billion, a price-to-earnings ratio of -33.91 and a beta of 3.45. Hut 8 has a one year low of C$8.35 and a one year high of C$45.20. The company has a fifty day simple moving average of C$26.78 and a two-hundred day simple moving average of C$20.63. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.67 and a quick ratio of 1.26.
About Hut 8
(
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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.
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