Hut 8 Corp. (TSE:HUT - Get Free Report)'s stock price shot up 14.1% during trading on Tuesday . The stock traded as high as C$19.08 and last traded at C$19.07. 1,635,362 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 1,456,522 shares. The stock had previously closed at C$16.72.
Wall Street Analyst Weigh In
HUT has been the topic of several research analyst reports. Cantor Fitzgerald upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a report on Wednesday, January 8th. Finally, Rosenblatt Securities upgraded Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. Four analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".
Read Our Latest Stock Analysis on HUT
Hut 8 Trading Down 3.5 %
The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87. The stock's fifty day moving average price is C$23.03 and its 200 day moving average price is C$26.90. The stock has a market cap of C$1.08 billion, a P/E ratio of 3.96 and a beta of 3.45.
Hut 8 Company Profile
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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.
Further Reading
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