Hut 8 Corp. (TSE:HUT) Given Average Recommendation of "Strong Buy" by Analysts

Hut 8 Corp. (TSE:HUT - Get Free Report) has received a consensus recommendation of "Strong Buy" from the five research firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a strong buy recommendation.

Several brokerages have recently commented on HUT. Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a research note on Wednesday, January 8th. Rosenblatt Securities upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Friday, March 7th. Finally, BTIG Research upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Monday, April 14th.

Hut 8 Trading Up 0.8 %

Shares of Hut 8 stock traded up C$0.13 on Tuesday, reaching C$15.49. 1,054,980 shares of the company's stock were exchanged, compared to its average volume of 1,490,290. The company has a market capitalization of C$1.03 billion, a P/E ratio of 3.79 and a beta of 3.45. Hut 8 has a 52 week low of C$10.16 and a 52 week high of C$45.20. 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 firm's 50-day moving average is C$19.77 and its two-hundred day moving average is C$26.77.

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.