Maxim Group upgraded shares of Hut 8 (TSE:HUT - Free Report) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.
A number of other brokerages have also recently commented on HUT. Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a research note on Friday, March 7th. Northland Capmk upgraded shares of Hut 8 to a "strong-buy" rating in a report on Monday, April 21st. BTIG Research raised shares of Hut 8 to a "strong-buy" rating in a report on Monday, April 14th. Finally, Keefe, Bruyette & Woods raised Hut 8 to a "moderate buy" rating in a research note on Wednesday, January 8th. Seven equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat, Hut 8 currently has an average rating of "Strong Buy".
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Hut 8 Price Performance
Shares of HUT traded down C$0.08 during mid-day trading on Thursday, hitting C$17.48. 692,422 shares of the company traded hands, compared to its average volume of 1,477,352. The business has a 50-day moving average of C$17.73 and a 200 day moving average of C$26.93. Hut 8 has a one year low of C$10.53 and a one year high of C$45.20. 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 capitalization of C$1.16 billion, a price-to-earnings ratio of 4.28 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.
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