Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) were down 0.4% during trading on Monday . The stock traded as low as C$16.50 and last traded at C$16.72. Approximately 1,335,460 shares changed hands during trading, a decline of 8% from the average daily volume of 1,453,638 shares. The stock had previously closed at C$16.79.
Analyst Upgrades and Downgrades
A number of research firms recently commented on HUT. Rosenblatt Securities upgraded Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. Cantor Fitzgerald raised Hut 8 to a "strong-buy" rating in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Strong Buy".
Check Out Our Latest Analysis on HUT
Hut 8 Stock Performance
The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87. The company's 50-day moving average price is C$23.45 and its two-hundred day moving average price is C$26.90. The company has a market cap of C$1.03 billion, a P/E ratio of 3.79 and a beta of 3.45.
Hut 8 Company Profile
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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.
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