Hut 8 Corp. (TSE:HUT - Get Free Report) traded up 14.1% on Wednesday . The company traded as high as C$19.08 and last traded at C$19.07. 1,635,362 shares changed hands during trading, an increase of 12% from the average session volume of 1,456,522 shares. The stock had previously closed at C$16.72.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Cantor Fitzgerald upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. Finally, Rosenblatt Securities upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. Four research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, Hut 8 presently has an average rating of "Strong Buy".
Read Our Latest Analysis on HUT
Hut 8 Trading Down 3.5 %
The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 3.96 and a beta of 3.45. The firm has a fifty day moving average price of C$23.03 and a 200-day moving average price of C$26.90.
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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