Hut 8 Corp. (TSE:HUT - Get Free Report)'s share price fell 5% during mid-day trading on Thursday . The company traded as low as C$31.70 and last traded at C$32.10. 97,575 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,131,614 shares. The stock had previously closed at C$33.80.
Analyst Ratings Changes
Separately, Cantor Fitzgerald upgraded shares of Hut 8 to a "strong-buy" rating in a report on Monday, December 9th.
Check Out Our Latest Stock Analysis on Hut 8
Hut 8 Trading Down 2.4 %
The company has a 50 day moving average of C$34.30 and a 200-day moving average of C$23.95. The stock has a market cap of C$3.08 billion, a price-to-earnings ratio of -30.84 and a beta of 3.45. The company has a debt-to-equity ratio of 55.19, a quick ratio of 1.26 and a current ratio of 1.67.
About Hut 8
(
Get Free Report)
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.
Recommended Stories
Before you consider Hut 8, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hut 8 wasn't on the list.
While Hut 8 currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
