Hut 8 Corp. (TSE:HUT - Get Free Report) shot up 9% during mid-day trading on Friday . The stock traded as high as C$24.55 and last traded at C$24.32. 802,585 shares traded hands during trading, a decline of 46% from the average session volume of 1,493,707 shares. The stock had previously closed at C$22.31.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on HUT. Roth Capital raised Hut 8 to a "strong-buy" rating in a research report on Thursday. Citizens Jmp raised Hut 8 to a "strong-buy" rating in a research report on Thursday, May 22nd. Northland Capmk raised Hut 8 to a "strong-buy" rating in a research report on Monday, April 21st. B. Riley raised Hut 8 to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, BTIG Research raised Hut 8 to a "strong-buy" rating in a research report on Monday, April 14th. Nine analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".
Read Our Latest Stock Report on HUT
Hut 8 Price Performance
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 market cap of C$1.69 billion, a price-to-earnings ratio of 6.22 and a beta of 3.45. The stock has a 50-day moving average price of C$19.50 and a two-hundred day moving average price of C$26.03.
About Hut 8
(
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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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