Hut 8 Corp. (TSE:HUT) Given Consensus Rating of "Strong Buy" by Analysts

Shares of Hut 8 Corp. (TSE:HUT - Get Free Report) have been given an average recommendation of "Strong Buy" by the eight ratings firms that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a strong buy recommendation.

A number of research analysts recently weighed in on HUT shares. Roth Capital raised Hut 8 to a "strong-buy" rating in a report on Thursday, June 5th. B. Riley raised Hut 8 to a "strong-buy" rating in a report on Tuesday, May 13th. Citizens Jmp raised Hut 8 to a "strong-buy" rating in a report on Thursday, May 22nd. Finally, Maxim Group raised Hut 8 to a "strong-buy" rating in a report on Thursday, May 1st.

Hut 8 Stock Performance

Shares of HUT stock traded up C$2.02 during trading on Monday, reaching C$31.73. 750,576 shares of the company's stock were exchanged, compared to its average volume of 1,480,242. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. The stock has a market capitalization of C$2.11 billion, a PE ratio of 7.76 and a beta of 3.45. Hut 8 has a twelve month low of C$11.86 and a twelve month high of C$45.20. The firm's fifty day moving average price is C$27.94 and its 200-day moving average price is C$23.35.

Hut 8 Company Profile

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.