Maxim Group upgraded shares of Hut 8 (TSE:HUT - Free Report) to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.
A number of other research analysts also recently commented on HUT. Rosenblatt Securities raised Hut 8 to a "strong-buy" rating in a report on Friday, March 7th. BTIG Research upgraded shares of Hut 8 to a "strong-buy" rating in a research report on Monday, April 14th. Northland Capmk upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods upgraded Hut 8 to a "moderate buy" rating in a research report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".
Read Our Latest Report on HUT
Hut 8 Stock Down 7.7 %
Shares of TSE:HUT traded down C$1.46 during trading on Thursday, hitting C$17.61. The company's stock had a trading volume of 1,015,765 shares, compared to its average volume of 1,493,036. Hut 8 has a fifty-two week low of C$10.53 and a fifty-two week high of C$45.20. The stock's 50-day moving average price is C$17.87 and its two-hundred day moving average price is C$27.01. The company has a debt-to-equity ratio of 55.87, a quick ratio of 1.26 and a current ratio of 1.68. The company has a market capitalization of C$1.17 billion, a PE ratio of 4.31 and a beta of 3.45.
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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