Hut 8 (TSE:HUT - Get Free Report) was upgraded by analysts at Citizens Jmp to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.
Several other equities analysts have also recently weighed in on the stock. Rosenblatt Securities raised shares of Hut 8 to a "strong-buy" rating in a research report on Friday, March 7th. B. Riley upgraded Hut 8 to a "strong-buy" rating in a report on Tuesday, May 13th. BTIG Research raised Hut 8 to a "strong-buy" rating in a research report on Monday, April 14th. Northland Capmk upgraded Hut 8 to a "strong-buy" rating in a research note on Monday, April 21st. Finally, Maxim Group upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Thursday, May 1st. Eight equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".
Read Our Latest Stock Analysis on Hut 8
Hut 8 Stock Down 6.1%
Shares of Hut 8 stock traded down C$1.43 during trading hours on Thursday, reaching C$21.91. The company's stock had a trading volume of 840,372 shares, compared to its average volume of 1,511,387. Hut 8 has a one year low of C$11.65 and a one year high of C$45.20. The company has a market capitalization of C$1.46 billion, a P/E ratio of 5.36 and a beta of 3.45. The stock's fifty day simple moving average is C$18.76 and its two-hundred day simple moving average is C$26.83. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68.
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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