Hut 8 (TSE:HUT - Get Free Report) was upgraded by stock analysts at Roth Capital to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.
Several other equities research analysts have also recently weighed in on HUT. BTIG Research raised shares of Hut 8 to a "strong-buy" rating in a research report on Monday, April 14th. Northland Capmk raised shares of Hut 8 to a "strong-buy" rating in a research report on Monday, April 21st. Citizens Jmp raised shares of Hut 8 to a "strong-buy" rating in a research report on Thursday, May 22nd. B. Riley raised shares of Hut 8 to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, Maxim Group raised shares of Hut 8 to a "strong-buy" rating in a research report on Thursday, May 1st. Nine investment analysts have rated the stock with a strong buy rating, According to MarketBeat, Hut 8 has a consensus rating of "Strong Buy".
Get Our Latest Analysis on HUT
Hut 8 Price Performance
Shares of HUT opened at C$25.41 on Thursday. The company has a 50 day moving average price of C$19.37 and a 200-day moving average price of C$26.21. Hut 8 has a fifty-two week low of C$11.86 and a fifty-two week high of C$45.20. The stock has a market capitalization of C$1.69 billion, a PE ratio of 6.22 and a beta of 3.45. 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.
Further Reading
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