Hut 8 (TSE:HUT) Stock Price Down 9.9% - What's Next?

Hut 8 Corp. (TSE:HUT - Get Free Report)'s share price fell 9.9% during trading on Monday . The stock traded as low as C$22.98 and last traded at C$22.98. 206,810 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,324,746 shares. The stock had previously closed at C$25.50.

Analyst Ratings Changes

Several brokerages have commented on HUT. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a "moderate buy" rating in a research note on Wednesday, January 8th. Cantor Fitzgerald upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Monday, December 9th.

Hut 8 Price Performance

The company has a market capitalization of C$1.38 billion, a PE ratio of 5.09 and a beta of 3.45. The company's 50 day simple moving average is C$31.51 and its 200 day simple moving average is C$26.22. 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

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.