Hut 8 Corp. (TSE:HUT - Get Free Report)'s stock price was down 3.3% on Tuesday . The stock traded as low as C$27.69 and last traded at C$28.06. Approximately 955,450 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 1,382,853 shares. The stock had previously closed at C$29.03.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on HUT shares. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a "moderate buy" rating in a report on Wednesday, January 8th. Cantor Fitzgerald upgraded shares of Hut 8 to a "strong-buy" rating in a report on Monday, December 9th.
Get Our Latest Stock Analysis on HUT
Hut 8 Trading Down 7.9 %
The stock has a 50 day moving average of C$33.15 and a 200-day moving average of C$26.02. The company has a market capitalization of C$1.70 billion, a P/E ratio of 6.24 and a beta of 3.45. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87.
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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