Hut 8 Corp. (TSE:HUT - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$107.84 and last traded at C$107.81, with a volume of 990676 shares. The stock had previously closed at C$102.61.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on HUT. Keefe, Bruyette & Woods raised shares of Hut 8 to a "moderate buy" rating in a research note on Tuesday, January 27th. HC Wainwright raised shares of Hut 8 to a "strong-buy" rating in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy".
Read Our Latest Stock Report on HUT
Hut 8 Trading Up 5.1%
The company has a quick ratio of 1.26, a current ratio of 1.09 and a debt-to-equity ratio of 31.34. The company has a market cap of C$11.95 billion, a P/E ratio of -50.38 and a beta of 4.58. The firm's 50 day moving average is C$74.96 and its two-hundred day moving average is C$69.76.
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.
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