Hut 8 Corp. (TSE:HUT - Get Free Report) was down 9.2% during trading on Thursday . The company traded as low as C$19.24 and last traded at C$19.44. Approximately 1,125,640 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 1,437,021 shares. The stock had previously closed at C$21.41.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on HUT shares. Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a report on Wednesday, January 8th. Cantor Fitzgerald upgraded Hut 8 to a "strong-buy" rating in a report on Monday, December 9th. Finally, Rosenblatt Securities upgraded Hut 8 to a "strong-buy" rating in a report on Friday. Four equities research analysts have rated the stock with a strong buy rating, According to MarketBeat, the stock has an average rating of "Strong Buy".
View Our Latest Analysis on HUT
Hut 8 Stock Up 1.1 %
The firm has a fifty day simple moving average of C$29.90 and a 200-day simple moving average of C$26.42. The company has a market capitalization of C$1.29 billion, a P/E ratio of 4.75 and a beta of 3.45. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87.
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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