Rosenblatt Securities upgraded shares of Hut 8 (TSE:HUT - Free Report) to a strong-buy rating in a research note issued to investors on Friday morning,Zacks.com reports.
A number of other research firms also recently commented on HUT. Cantor Fitzgerald raised 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 research note on Wednesday, January 8th. Four investment analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, Hut 8 has an average rating of "Strong Buy".
View Our Latest Analysis on HUT
Hut 8 Trading Up 2.2 %
HUT stock traded up C$0.38 during mid-day trading on Friday, reaching C$17.46. The company had a trading volume of 1,785,231 shares, compared to its average volume of 1,487,523. The firm has a 50 day moving average of C$29.36 and a 200 day moving average of C$26.50. The company has a market capitalization of C$1.16 billion, a PE ratio of 4.27 and a beta of 3.45. Hut 8 has a 12 month low of C$9.43 and a 12 month high of C$45.20. The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26.
About Hut 8
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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.
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