Hut 8 Corp. (TSE:HUT - Get Free Report) traded down 3.9% on Tuesday . The stock traded as low as C$38.10 and last traded at C$38.50. 183,178 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,321,329 shares. The stock had previously closed at C$40.07.
Wall Street Analysts Forecast Growth
HUT has been the subject of several research reports. Cantor Fitzgerald raised Hut 8 to a "strong-buy" rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a report on Wednesday, January 8th.
Check Out Our Latest Analysis on HUT
Hut 8 Stock Down 6.6 %
The firm has a 50 day moving average price of C$35.80 and a 200-day moving average price of C$24.77. The firm has a market cap of C$3.50 billion, a price-to-earnings ratio of -34.98 and a beta of 3.45. 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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