Hut 8 Corp. (TSE:HUT - Get Free Report)'s share price was 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. Approximately 316,404 shares traded hands during trading, a decline of 71% from the average daily volume of 1,095,442 shares. The stock had previously closed at C$34.23.
Analysts Set New Price Targets
HUT has been the topic of several recent analyst reports. Cantor Fitzgerald raised shares of Hut 8 to a "strong-buy" rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods upgraded shares of Hut 8 to a "moderate buy" rating in a report on Wednesday, January 8th.
View Our Latest Stock Analysis on HUT
Hut 8 Stock Performance
The company has a debt-to-equity ratio of 55.19, a current ratio of 1.67 and a quick ratio of 1.26. The company has a market cap of C$3.64 billion, a price-to-earnings ratio of -36.42 and a beta of 3.45. The stock has a 50-day moving average price of C$35.45 and a 200 day moving average price of C$24.49.
About Hut 8
(
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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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