Hut 8 Corp. (TSE:HUT - Get Free Report)'s stock price dropped 3.9% during mid-day trading on Tuesday . The stock traded as low as C$38.10 and last traded at C$38.50. Approximately 183,178 shares changed hands during trading, a decline of 86% from the average daily volume of 1,321,329 shares. The stock had previously closed at C$40.07.
Wall Street Analysts Forecast Growth
HUT has been the topic of several recent research reports. Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a report on Wednesday, January 8th. Cantor Fitzgerald upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Monday, December 9th.
View Our Latest Stock Report on Hut 8
Hut 8 Stock Down 1.7 %
The firm's 50-day moving average is C$36.01 and its 200 day moving average is C$25.08. The firm has a market capitalization of C$3.41 billion, a P/E ratio of -34.16 and a beta of 3.45. The company has a debt-to-equity ratio of 55.19, a quick ratio of 1.26 and a current ratio of 1.67.
About Hut 8
(
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Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers.
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