Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) shot up 14.1% during trading on Wednesday . The company traded as high as C$19.08 and last traded at C$19.07. 1,635,362 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 1,456,522 shares. The stock had previously closed at C$16.72.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Rosenblatt Securities upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a "moderate buy" rating in a research note on Wednesday, January 8th. Finally, Cantor Fitzgerald upgraded Hut 8 to a "strong-buy" rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a strong buy rating, According to data from MarketBeat, Hut 8 presently has an average rating of "Strong Buy".
Get Our Latest Stock Report on Hut 8
Hut 8 Price Performance
The business's fifty day moving average price is C$23.03 and its 200 day moving average price is C$26.98. The stock has a market cap of C$1.08 billion, a P/E ratio of 3.96 and a beta of 3.45. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26.
About Hut 8
(
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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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