Hut 8 Corp. (TSE:HUT - Get Free Report)'s share price traded down 9.2% on Thursday . The stock traded as low as C$19.24 and last traded at C$19.44. 1,125,640 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 1,437,021 shares. The stock had previously closed at C$21.41.
Analysts Set New Price Targets
Several research firms recently commented on HUT. Cantor Fitzgerald upgraded Hut 8 to a "strong-buy" rating in a research report on Monday, December 9th. Rosenblatt Securities raised shares of Hut 8 to a "strong-buy" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods raised shares of 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, According to data from MarketBeat.com, Hut 8 presently has a consensus rating of "Strong Buy".
Check Out Our Latest Analysis on HUT
Hut 8 Trading Down 12.8 %
The company has a market capitalization of C$1.13 billion, a PE ratio of 4.14 and a beta of 3.45. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 55.87. The stock has a fifty day moving average of C$29.90 and a two-hundred day moving average of C$26.49.
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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