Hut 8 Corp. (TSE:HUT - Get Free Report) rose 9% during mid-day trading on Friday . The stock traded as high as C$24.55 and last traded at C$24.32. Approximately 802,585 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 1,493,707 shares. The stock had previously closed at C$22.31.
Wall Street Analyst Weigh In
HUT has been the subject of several recent research reports. Rosenblatt Securities upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Friday, March 7th. Northland Capmk upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Monday, April 21st. B. Riley upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Tuesday, May 13th. Maxim Group upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Thursday, May 1st. Finally, Citizens Jmp upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Thursday, May 22nd. Eight analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, Hut 8 presently has a consensus rating of "Strong Buy".
View Our Latest Analysis on HUT
Hut 8 Stock Performance
The company has a debt-to-equity ratio of 55.87, a current ratio of 1.68 and a quick ratio of 1.26. The company's 50-day moving average price is C$19.37 and its two-hundred day moving average price is C$26.21. The company has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 6.22 and a beta of 3.45.
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.
Further Reading
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