Hut 8 Corp. (TSE:HUT - Get Free Report)'s stock price traded down 3.4% during mid-day trading on Monday . The stock traded as low as C$27.35 and last traded at C$28.25. 389,003 shares traded hands during trading, a decline of 74% from the average session volume of 1,479,642 shares. The stock had previously closed at C$29.25.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on HUT shares. BTIG Research upgraded Hut 8 to a "strong-buy" rating in a report on Monday, April 14th. Maxim Group upgraded Hut 8 to a "strong-buy" rating in a report on Thursday, May 1st. Citizens Jmp upgraded Hut 8 to a "strong-buy" rating in a report on Thursday, May 22nd. Northland Capmk upgraded Hut 8 to a "strong-buy" rating in a report on Monday, April 21st. Finally, B. Riley upgraded Hut 8 to a "strong-buy" rating in a report on Tuesday, May 13th. Nine research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy".
Read Our Latest Research 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 company has a market cap of C$1.94 billion, a PE ratio of 7.12 and a beta of 3.45. The firm has a 50 day moving average of C$23.16 and a two-hundred day moving average of C$24.28.
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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