Hut 8 Corp. (TSE:HUT - Get Free Report) shares traded down 13.3% during trading on Monday . The company traded as low as C$31.99 and last traded at C$32.41. 486,684 shares were traded during trading, a decline of 65% from the average session volume of 1,402,640 shares. The stock had previously closed at C$37.38.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of 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.
Read Our Latest Report on Hut 8
Hut 8 Trading Up 1.2 %
The company has a fifty day simple moving average of C$35.55 and a 200-day simple moving average of C$25.42. The company has a current ratio of 1.67, a quick ratio of 1.26 and a debt-to-equity ratio of 55.19. The stock has a market cap of C$2.95 billion, a price-to-earnings ratio of -29.49 and a beta of 3.45.
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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