Hut 8 Corp. (TSE:HUT - Get Free Report)'s stock price shot up 6.3% during mid-day trading on Wednesday . The stock traded as high as C$36.60 and last traded at C$36.38. 316,404 shares changed hands during trading, a decline of 71% from the average session volume of 1,095,442 shares. The stock had previously closed at C$34.23.
Wall Street Analyst Weigh In
HUT has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised 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.
View Our Latest Stock Report on HUT
Hut 8 Stock Up 9.9 %
The stock has a fifty day moving average price of C$34.97 and a two-hundred day moving average price of C$24.27. The company has a debt-to-equity ratio of 55.19, a quick ratio of 1.26 and a current ratio of 1.67. The firm has a market capitalization of C$3.51 billion, a P/E ratio of -35.15 and a beta of 3.45.
Hut 8 Company Profile
(
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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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