Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) have been given an average recommendation of "Strong Buy" by the seven brokerages that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a strong buy rating.
Several equities analysts have recently weighed in on the company. BTIG Research raised Hut 8 to a "strong-buy" rating in a research note on Monday, April 14th. Maxim Group upgraded Hut 8 to a "strong-buy" rating in a report on Thursday, May 1st. Rosenblatt Securities upgraded Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. Finally, Northland Capmk upgraded Hut 8 to a "strong-buy" rating in a research report on Monday, April 21st.
View Our Latest Research Report on HUT
Hut 8 Price Performance
Hut 8 stock traded up C$0.41 during midday trading on Friday, reaching C$22.10. 354,902 shares of the company were exchanged, compared to its average volume of 1,489,556. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 5.41 and a beta of 3.45. The firm's 50-day simple moving average is C$17.62 and its 200-day simple moving average is C$26.93. Hut 8 has a 1 year low of C$10.53 and a 1 year high of C$45.20.
About Hut 8
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Get Free ReportHut 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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